NEW YORK--(BUSINESS WIRE)--The Law Office of Vincent Wong is investigating the Board of Directors of A.D.A.M. Inc. (NasdaqGM: ADAM) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Ebix Inc. (NasdaqGS: EBIX). Under the terms of the deal, A.D.A.M. shareholders will receive 0.3122 shares of Ebix stock for each A.D.A.M. share of common stock they own. The exchange ratio of 0.3122 is based on a $19.06 agreed value of Ebix common stock for purposes of the merger agreement which implies a $5.95 value for A.D.A.M. shares and a transaction value of approximately $66 million.
The investigation concerns whether the A.D.A.M. Board of Directors breached their fiduciary duties to A.D.A.M. stockholders by failing to adequately shop the Company before entering into this transaction and whether Ebix is underpaying for A.D.A.M. shares.
If you own common stock in A.D.A.M. and wish to obtain additional information about this investigation and what is being done to advance the shareholders’ interests, please contact Vincent Wong, Esq. directly, via email at firstname.lastname@example.org, by telephone at 212.584.2740, or visit http://www.wongesq.com/adam.html.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights.