SHAREHOLDER ALERT: Law Offices of Marc S. Henzel Announces Investigation into the proposed sale of Cash America International, Inc., ExamWorks Group Inc., Opower, Inc. and Symmetry Surgical Inc.
MERION, Pa., May 4, 2016 /PRNewswire/ -- The Law Offices of Marc S. Henzel (www.henzellaw.com), a firm focusing on shareholder litigation, gives notice to shareholders of investigation into the following securities for violations of the Federal Securities Laws:
Cash America International, Inc. (NYSE: CSH) 4/28/16
On April 28, 2016, Cash America International, Inc. (CSH) announced it had signed a definitive merger agreement with First Cash. Under the terms of the agreement Cash America shareholders will receive a fixed exchange ratio of 0.84 First Cash shares for each Cash America share they own.
The firm has commenced an investigation into whether the board members of Cash America International, Inc. (CSH) breached their fiduciary duties in connection with the proposed sale of the Company to First Cash Financial Services Inc. (FCFS).
ExamWorks Group, Inc. (NYSE: EXAM) 4/27/16
On April 27, 2016, ExamWorks Group Inc, said it had agreed to be bought by private equity firm Leonard Green & Partners in a deal valued at about $2.2 billion. The offer price of $35.05 per share is a premium of 4.4 percent to the closing price of the company's stock on April 26, 2016.
The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors satisfied their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock.
OPOWER, Inc. (NYSE: OPWR) 5/2//16
On May 2, 2016, Oracle (NYSE: ORCL) announced that it entered into a definitive agreement to acquire Opower, Inc. (NYSE: OPWR), for $10.30 per share in cash. The transaction is valued at approximately $532 million, net of Opower's cash.
The Board of Directors of Opower has unanimously approved the transaction. The transaction is expected to close in 2016, subject to Opower's stockholders tendering a majority of Opower's outstanding shares and derivative securities exercised prior to the closing of the tender offer, certain regulatory approvals and other customary closing conditions.
The investigation concerns whether Opower's board of directors failed to adequately shop the Company and obtain the best possible value for Opower shareholders before entering into an agreement with Oracle.
Symmetry Surgical Inc. (Nasdaq: SSRG) 5/2/16
On May 2, 2016, Symmetry Surgical Inc. (SSRG) announced that it has entered into a definitive agreement to be acquired with an equity value of $140.3 million by an affiliate of RoundTable Healthcare Partners ("RoundTable"), an operating-oriented private equity firm focused exclusively on the healthcare industry. Under the terms of the agreement, Symmetry shareholders will receive $13.10 in cash for each share of Symmetry common stock, representing a 26% premium to the closing price of the Company's common stock on April 29, 2016. The agreement was unanimously approved by Symmetry's Board of Directors.
The firm is investigating the fairness of the sale.
If you would like to learn more about the investigation of these companies, would like to learn more about any potential claims or you wish to discuss these matters and have any questions concerning this announcement or your rights, please contact Marc S. Henzel (610) 660-8000, email at [email protected], or to sign up online, visit the firm's website at www.henzellaw.com.
The Law Offices of Marc S. Henzel is a national shareholder litigation firm representing shareholders & investors in various areas of securities laws including but not limited to: class actions, derivatives, transactional (buyouts/takeovers/mergers) and FINRA & NYSE Arbitrations.
Contact:
Law Offices of Marc S. Henzel
Marc S. Henzel
Email: [email protected]
Phone 610-660-8000
Website: www.henzellaw.com
SOURCE Law Offices of Marc S. Henzel
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