Law Firm Brower Piven Announces Investigation of Asset Acceptance Capital Corp. Proposed Acquisition

  Law Firm Brower Piven Announces Investigation of Asset Acceptance Capital
  Corp. Proposed Acquisition

Business Wire

STEVENSON, Md. -- March 6, 2013

The securities litigation firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary duty to
current shareholders of Asset Acceptance Capital Corp. (“Asset Acceptance” or
the “Company”) (Nasdaq: AACC) and other violations of state law by the board
of directors of Asset Acceptance relating to the proposed acquisition of the
Company by Encore Capital Group, Inc. (“Encore”). The firm’s investigation
seeks to determine, among other things, whether Asset Acceptance’s board of
directors breached their fiduciary duties by failing to maximize shareholder
value.

As stated in the press release announcing the proposed acquisition, Encore
will acquire Asset Acceptance for $6.50 per share, which represents a total
equity value of approximately $200 million. Asset Acceptance shareholders will
have the option to receive their consideration in cash or Encore stock or any
combination of cash and Encore stock, at their election, with the aggregate
stock consideration across all stockholders capped at 25 percent of the total
equity consideration to be received. According to Yahoo! Finance, the high
analyst price target is $8.00 per Asset Acceptance share.

If you currently own common stock of Asset Acceptance and would like to learn
more about the investigation being conducted by Brower Piven, you may email or
call Brower Piven, who will, without obligation or cost to you, attempt to
answer your questions. You may contact Brower Piven by email at
hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.

Contact:

Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, 410-415-6616
hoffman@browerpiven.com
 
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