Epocrates Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP
Investigate Sale to athenahealth
DALLAS -- January 7, 2013
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor, LLP are
investigating the sale of Epocrates, Inc. (“Epocrates”) (NasdaqGS: EPOC) to
athenahealth, Inc. for shareholders. Under the terms of the proposed deal
valued at approximately $293 million, Epocrates shareholders will only receive
$11.75 in cash for each share of Epocrates stock owned, well below at least
one analysts’ estimated value of $15.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Zach Groover at Powers Taylor, LLP, toll free
(877) 728-9607, via email at firstname.lastname@example.org or Willie Briscoe at The
Briscoe Law Firm, PLLC, (214) 239-4568, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Epocrates sale investigation centers on whether Epocrates’ shareholders
are receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues Epocrates’ stock, and whether Epocrates’ board
attempted to obtain the highest share price for all shareholders prior to
agreeing to the deal. Notably, at least one analyst with Yahoo! Finance has
estimated that the true inherent value of Epocrates could be as high as $15.00
per share, well above the proposed sale price. Shareholder rights attorney
Willie Briscoe stated that “due to the proposed sale price, the size of the
deal and other factors, we believe this transaction may undervalue Epocrates’
stock. Our proposed lawsuit will seek to obtain the highest share price for
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.
Powers Taylor, LLP
Zach Groover, 877-728-9607
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
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