SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of EVOQ Properties, Inc. In Connection With The Proposed Sale Of The Company
STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of EVOQ Properties, Inc. (“EVOQ” or the “Company”) (Other OTC: EVOQ) relating to the proposed buyout of the Company by Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Company (collectively, the “Investor Group”).
On August 18, 2014, EVOQ announced that the Company had agreed to be acquired by the Investor Group in a transaction valued at approximately $357.4 million. Under the terms of the transaction, EVOQ shareholders are anticipated to receive $12.96 in cash for each share of EVOQ they own.
The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether the Investor Group is underpaying for EVOQ shares.
If you currently own common stock of EVOQ and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at email@example.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.