NEW YORK, Dec. 28, 2009 (GLOBE NEWSWIRE) -- Tripp Levy PLLC announces an investigation into the proposed acquisition of Amicas, Inc. (Nasdaq:AMCS). On December 28, 2009, Amicas announced that it had entered into a definitive agreement to be acquired an affiliate of Thoma Bravo LLC in a transaction valued at approx. $217 million. Under the terms of the agreement, each share of Amicas common stock will be exchanged for $5.35 cash. Thoma Bravo said that it will be partnering with the Amicas management team going forward.
The investigation concerns whether the consideration to be paid to Amicas shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of Amicas. The investigation further concerns whether members of Amicas may have breached their fiduciary duties by not acting in Amicas shareholders' best interests in connection with the sale process of Amicas.
If you are a current holder of Amicas and would like additional information concerning this proposed transaction, including your rights, please feel free to contact us at the information below.