NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of The Edelman Financial Group Inc. (“Edelman” or the “Company”) (NASDAQ: EF) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to affiliates of Lee Equity Partners, LLC in a going-private transaction valued at about $258 million. Under the terms of the proposed transaction, Edelman shareholders will receive $8.85 in cash per each share of Edelman common stock they own.
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Whether Edelman’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Edelman’s shares and by how much this proposed transaction undervalues the Company to the detriment of Edelman shareholders are the key focus of this investigation.
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If you own common stock in Edelman and wish to obtain additional information and protect your investment free of charge, please visit us at www.faruqilaw.com/EF or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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