Shareholders Foundation, Inc.

NASDAQ:EXAC Investor Alert: Investigation of Takeover of Exactech, Inc. by TPG Capital

An investigation on behalf of investors of Exactech, Inc. (NASDAQ:EXAC) in connection with the proposed takeover was announced.

 

San Diego, CA -- (SBWIRE) -- 11/01/2017 -- An investigation on behalf of investors, who currently hold shares of Exactech, Inc. (NASDAQ:EXAC), was announced concerning whether the takeover of Exactech, Inc. by TPG Capital is unfair to NASDAQ:EXAC stockholders.

Investors who purchased shares of Exactech, Inc. (NASDAQ:EXAC) and currently hold any of those NASDAQ:EXAC shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Exactech, Inc. breached their fiduciary duties owed to NASDAQ:EXAC investors in connection with the proposed acquisition.

On October 23, 2017, Exactech, Inc. (NASDAQ:EXAC) announced that it has entered into a merger agreement under which TPG Capital, the global private equity platform of alternative asset firm TPG, will acquire all of the outstanding shares of Exactech common stock for the payment of $42.00 per share in cash to all holders of Exactech common stock other than certain management stockholders who have agreed to exchange a portion of their shares for new equity securities in the transaction.

However, given that Exactech founders Dr. Bill Petty and Betty Petty and CEO David Petty have already agreed with TPG to vote all of their shares in favor of the merger and to exchange a significant portion of their shares for new shares in the parent entity immediately following the merger, the investigation concerns whether the offer is unfair to NASDAQ:EXAC stockholders. More specifically, the investigation concerns whether the Exactech 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.

Those who are current investors in Exactech, Inc. (NASDAQ:EXAC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com