Veramark Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Varsity Acquisition
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 Veramark Technologies, Inc. ("Veramark") (OTCQB: VERA) to Varsity Acquisition LLC and All Big Ten Holdings for shareholders. Under the terms of the proposed sale, Veramark shareholders will only receive $0.98 in cash for each share of Veramark stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Veramark sale investigation centers on whether Veramark's shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Veramark's stock, and whether Veramark's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, "due in part to the size of the deal, the lack of a significant premium and other factors, we believe this transaction may undervalue Veramark's stock. Our proposed 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.
KEYWORDS: United States North America Texas
The article Veramark Technologies Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Varsity Acquisition 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 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.