Heelys Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sequential Br
Heelys Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sequential Brands Group
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Heelys, Inc. ("Heelys") (NAS: HLYS) to Sequential Brands Group for shareholders. Under the terms of the proposed deal valued at approximately $63.2 million, Heelys shareholders will only receive approximately $2.25 in cash for each share of Heelys stock owned, well below the 52-week high of $2.68 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Heelys sale investigation centers on whether Heelys' shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Heelys' stock, and whether Heelys' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Patrick Powers, "due to the size of the deal, analysts' estimates, and other factors, we believe that this transaction may undervalue Heelys' stock. Our lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Powers Taylor, LLP
Patrick Powers, 877-728-9607
patrick@powerstaylor.com
or
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-706-9314
WBriscoe@TheBriscoeLawFirm.com
KEYWORDS: United States North America Texas
INDUSTRY KEYWORDS:
The article Heelys Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sequential Brands Group originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.
