NEW YORK, Oct. 24, 2017 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Exactech, Inc.
("EXAC" or the "Company") (NASDAQ: EXAC) in connection with the
proposed acquisition of the Company by private equity firm TPG
Capital ("TPG"). On October 23,
2017, the Company announced a definitive merger agreement
for TPG to acquire all outstanding shares of EXAC in a transaction
that values the Company at $625
million. Under the terms of the agreement, EXAC
shareholders will receive $42.00 in
cash for each EXAC share they own.
WeissLaw is investigating whether EXAC's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, the Company announced positive financial results for the
second quarter of 2017. It reported that revenue increased to
$67.3 million from $66.1 million in the same period of the previous
year. EXAC also reported a $5.4
million dollar year-over-year increase in revenue for the
first six months of 2017 as compared to the same period last
year.
Given these facts, WeissLaw is investigating whether EXAC's
Board acted in the best interests of EXAC's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own EXAC shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com or fill out the form
on our website,
http://www.weisslawllp.com/exactech-inc/.
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SOURCE WeissLaw LLP
