21.01.2010 23:04:00
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The Shuman Law Firm Announces Investigation on Behalf of Amicas, Inc. Shareholders
The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty and other violations of state law on behalf of shareholders of Amicas, Inc. ("Amicas” or the "Company”) (Nasdaq: AMCS) relating to the proposed acquisition by an affiliate of Thoma Bravo, LLC ("Thoma Bravo”).
Under the proposed agreement, AMICAS shareholders will receive $5.35 for every share of Amicas common stock they own. The investigation concerns whether the Amicas Board of Directors failed to maximize shareholder value by entering into proposed acquisition at an inadequate premium to the then-current trading price of Amicas common stock, and that the proposed acquisition inequitably favors and provides millions of dollars of benefits to Amicas’ insiders that are not available to the Company’s common shareholders in the form of accelerated vesting of stock options, cashed out restricted common stock and continued employment with the new company.
If you are interested in discussing your rights as an Amicas shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation, concentrating its practice in securities class actions and shareholder derivative actions.
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