|By PR Newswire||
|August 18, 2014 02:35 PM EDT||
NEW YORK, Aug. 18, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of EVOQ Properties, Inc. ("EVOQ" or the "Company") (OTC US: EVOQ) (ISIN: US3005041070) (CUSIP: 300504107) concerning the proposed acquisition of EVOQ by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Company.
EVOQ shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the EVOQ directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, each outstanding share of EVOQ common stock will receive approximately $12.96 per share, subject to certain adjustments provided for in the merger agreement with respect to the transaction. However, the transaction has already been approved by the EVOQ's majority stockholder, MMPI Acquisition, LLC, a venture formed in 2011 by Mount Kellett Capital Management LP and Global Asset Capital LP.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP
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