Rosen Law Firm Announces Investigation of Asset Acceptance Capital Corp. in Connection with its Sale
Rosen Law Firm Announces Investigation of Asset Acceptance Capital Corp. in Connection with its Sale to Encore Capital Group, Inc. - AACC
NEW YORK--(BUSINESS WIRE)-- The Rosen Law Firm, P.A. is investigating the Board of Directors of Asset Acceptance Capital Corp. (NASDAQ GS: AACC) for possible breaches of fiduciary duty and other violations of state law in connection with its sale of the Company to Encore Capital Group, Inc. (NASDAQ GS: ECPG).
If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at email@example.com or firstname.lastname@example.org. There is no cost or obligation to you.
Under the terms of the transaction, shareholders will receive $6.50 for each share of Asset Acceptance stock they own. Asset Acceptance shareholders may elect to receive their consideration in cash or Encore stock or a combination both, with the aggregate stock consideration across all stockholders capped at 25 percent of the total equity consideration to be received. The investigation relates to whether the price of $6.50 per share is fair to public shareholders and whether Asset Acceptance's Board breached its fiduciary duties in connection with the transaction.
If you own Asset Acceptance common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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The Rosen Law Firm P.A.
Phillip Kim, Esq.
Laurence Rosen, Esq.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
KEYWORDS: United States North America New York
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