Asset Acceptance Capital Shareholder Alert: Briscoe Law Firm and Powers
Taylor, LLP Investigate Sale to Encore Capital Group
DALLAS -- March 6, 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 Asset Acceptance Capital Corp. (“AACC”) (Nasdaq:
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
email@example.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
Powers Taylor, LLP
Zach Groover, 877-728-9607
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