Tag Archives: AACC

Shareholder Investigation Seeks More Money, Information for Asset Acceptance, Announces Deans & Lyon

By Business Wirevia The Motley Fool

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Shareholder Investigation Seeks More Money, Information for Asset Acceptance, Announces Deans & Lyons Law Firm

DALLAS–(BUSINESS WIRE)– Securities lawyers at Deans & Lyons are investigating the $6.50 per share buyout of Asset Acceptance Capital Corp. (NAS: AACC) by Encore Capital Group Inc. Concerned Asset Acceptance stockholders are encouraged to contact attorney Hamilton Lindley at 877-819-8033 or hlindley@deanslyons.com about their rights and remedies.

“At least one analyst has a target price of $8.00 per share,” said Hamilton Lindley, a securities lawyer with Deans & Lyons LLP. “Our investigation focuses on whether a shareholder lawsuit is required for the Asset Acceptance Capital stockholders to receive the highest price reasonably available and the disclosure of important information in this acquisition,” Lindley said.

Deans & Lyons has significant experience representing shareholders, at no cost to them, in securities lawsuits nationwide. AACC stockholders – or anyone with knowledge about this acquisition – should contact lawyer Hamilton Lindley at hlindley@deanslyons.com or 877-819-8033 with questions or concerns.

Deans & Lyons LLP
Hamilton Lindley, 877-819-8033
Phone: 214-965-8500
Fax: 214-965-8505
www.deanslyons.com

KEYWORDS:   United States  North America  Texas

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Source: FULL ARTICLE at DailyFinance

Rigrodsky &amp; Long, P.A. Announces Investigation Of Asset Acceptance Capital Corp. Buyout

By Business Wirevia The Motley Fool

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Rigrodsky & Long, P.A. Announces Investigation Of Asset Acceptance Capital Corp. Buyout

WILMINGTON, Del.–(BUSINESS WIRE)– Rigrodsky & Long, P.A.:

  • Do you own shares of Asset Acceptance Capital Corp. (NASDAQ GS: AACC )?
  • Did you purchase any of your shares prior to March 6, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Asset Acceptance Capital Corp. (“Asset Acceptance” or the “Company”) (NASDAQ GS: AACC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Encore Capital Group, Inc. (“Encore”) in a transaction valued at approximately $200 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/asset-acceptance-capital-corp.

Under the terms of the proposal, public shareholders of Asset Acceptance will receive $6.50 per share in cash for each share of Asset Acceptance they own.

The investigation concerns whether Asset Acceptance‘s board of directors failed to adequately shop the Company and obtain the best possible value for Asset Acceptance‘s shareholders before entering into an agreement with Encore. According to Yahoo! Finance, at least one analyst has set a price target for Asset Acceptance stock at $8.00 per share.

If you own the common stock of Asset Acceptance and purchased your shares before March 6, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, toll free at (888) 969-4242, by e-mail to info@rigrodskylong.com, or at: http://www.rigrodskylong.com/investigations/asset-acceptance-capital-corp.

…read more
Source: FULL ARTICLE at DailyFinance

Asset Acceptance Capital Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale

By Business Wirevia The Motley Fool

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Asset Acceptance Capital Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Encore Capital 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 Asset Acceptance Capital Corp. (“AACC“) (NAS: AACC) to Encore Capital Group, Inc. for shareholders. Under the terms of the proposed transaction valued at approximately $200 million, AACC shareholders will only receive $6.50 for each share of AACC stock owned, with the option to receive the consideration in either cash or Encore stock or a combination of both. The proposed consideration is well below at least one analyst’s estimated value of $8.00 per share.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at zach@powerstaylor.com. There is no cost or fee to you.

The AACC sale investigation centers on whether AACC‘s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues AACC‘s stock, and whether AACC‘s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to Yahoo! Finance, at least one analyst has estimated that the true value of the shares may be as high as $8.00 per share. Shareholder rights attorney Patrick Powers stated that “due to proposed sale price, analysts’ estimates and other factors, we are concerned that this transaction undervalues AACC‘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.

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor, LLP
Zach …read more
Source: FULL ARTICLE at DailyFinance