NEW YORK, Nov. 7, 2011 /PRNewswire/ -- Levi & Korsinsky
is investigating the Board of Directors of American Dental
Partners, Inc. ("American Dental" or the "Company") (NASDAQ: ADPI)
for possible breaches of fiduciary duty and other violations of
state law in connection with the sale of the Company to funds
affiliated with JLL Partners, Inc. Under the terms of the
transaction American Dental shareholders will receive $19.00 per share of American Dental stock they
own. The transaction has a total approximate value of
$398 million, including $81 million in outstanding debt.
Click here to learn how to join the action:
http://www.zlk.com/american-dental-partners-adpi, or call:
877-363-5972.
The investigation concerns whether the American Dental Board of
Directors breached their fiduciary duties to American Dental
stockholders by failing to adequately shop the Company before
entering into this transaction and whether JLL Partners, Inc. is
underpaying for American Dental shares, thus unlawfully harming
American Dental stockholders.
If you own common stock in American Dental and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or http://www.zlk.com.
Levi & Korsinsky is a national firm with offices in
New York, California and Washington D.C. The firm has extensive
expertise in prosecuting investor securities litigation involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information,
please feel free to contact any of the attorneys listed below.
Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky