An investigation on behalf of investors of Adept Technology Inc (NASDAQ:ADEP) in connection with the proposed takeover was announced and NASDAQ:ADEP stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/06/2015 -- An investigation for shareholders who currently hold NASDAQ:ADEP shares was announced concerning whether the takeover of Adept Technology Inc. by OMRON Corporation is unfair.
On September 16, 2015, OMRON Corporation and Adept Technology Inc (NASDAQ:ADEP) announced that the two companies have entered into an agreement whereby OMRON will acquire Adept.
Investors who purchased shares of Adept Technology Inc (NASDAQ:ADEP) and currently hold any of those NASDAQ:ADEP shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Adept Technology Inc breached their fiduciary duties owed to NASDAQ:ADEP investors in connection with the proposed acquisition.
OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock.
However, given that Shares of Adept Technology Inc (NASDAQ:ADEP) reached as high as $20.09 per share in March 2014, the investigation concerns whether the offer is unfair to NASDAQ:ADEP stockholders. More specifically, the investigation concerns whether the Adept Technology Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On October 5, 2015, NASDAQ:ADEP shares closed at $12.97 per share.
Those who are current investors in Adept Technology Inc shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego