An investigation on behalf of investors of Calamos Asset Management, Inc (NASDAQ:CLMS) in connection with the proposed takeover was announced and NASDAQ:CLMS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 01/09/2017 -- The acquisition of Calamos Asset Management, Inc is under investigation over potential wrongdoing. The investigation was announced for investors, who currently hold NASDAQ:CLMS shares, concerning whether the takeover of Calamos Asset Management, Inc by entity formed by the founder of Calamos Investments LLC, the operating company of Calamos Asset Management, Inc, and Calamos Asset Management's Chairman at $8.25 per share is unfair.
Investors who purchased shares of Calamos Asset Management, Inc (NASDAQ:CLMS) and currently hold any of those NASDAQ:CLMS 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 directors of Calamos Asset Management, Inc breached their fiduciary duties owed to NASDAQ:CLMS investors in connection with the proposed acquisition.
On December 19, 2016, Calamos Asset Management, Inc announced that it has reached an agreement in principle to be acquired by an entity formed by Mr. John Calamos and Mr. John Koudounis. Mr. Calamos is the founder of Calamos Investments LLC, the operating company of Calamos Asset Management, Inc, and Calamos Asset Management's Chairman. Under the terms of the agreement, shareholders of Calamos Asset Management, Inc (NASDAQ:CLMS) will receive $8.25 in cash for each share of Calamos Asset Management, Inc (NASDAQ:CLMS common stock.
However, given that NASDAQ:CLMS shares rose after the takeover announcement to as high as $8.69 per share on December 28, 2016, the investigation concerns whether the offer is unfair to NASDAQ:CLMS stockholders. More specifically, the investigation concerns whether the Calamos Asset Management 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 January 6, 2017, NASDAQ:CLMS shares closed at $8.57 per share.
Those who are current investors in Calamos Asset Management, Inc 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