Business & Finance
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Published in Business and Finance on Thursday, March 7th 2013 at 7:45 GMT by Market Wire
Ryan & Maniskas, LLP Announces Investigation of Asset Acceptance Capital Corp. -- WAYNE, Pa., March 7, 2013 /PRNewswire/ --
WAYNE, Pa., March 7, 2013 /PRNewswire/ -- [ Ryan & Maniskas, LLP ] ([ www.rmclasslaw.com/cases/aacc ]) is investigating potential claims against the board of directors of Asset Acceptance Capital Corp. ("Asset Acceptance Capital" or the "Company") (NASDAQ: [ AACC ]) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Encore Capital Group Inc. in a transaction valued at approximately $200 million.
(Logo: [ http://photos.prnewswire.com/prnh/20121112/MM11729LOGO ] )
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Asset Acceptance Capital. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire ) toll-free at (877) 316-3218 or by email at [ rmaniskas@rmclasslaw.com ] or visit: [ www.rmclasslaw.com/cases/aacc ].
Under the terms of the transaction, Asset Acceptance Capital shareholders will receive $6.50 per share of Asset Acceptance Capital stock they own; shareholders may elect to receive the consideration in cash, Encore stock, or a combination.
If you own shares of Asset Acceptance Capital and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: [ www.rmclasslaw.com/cases/aacc ]. You may also email Mr. Maniskas at [ rmaniskas@rmclasslaw.com ]. For more information about class action cases in general, please visit our website: [ www.rmclasslaw.com ].
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.
CONTACT:
Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
995 Old Eagle School Rd., Suite 311
Wayne, PA 19087
877-316-3218
[ www.rmclasslaw.com/cases/aacc ]
[ rmaniskas@rmclasslaw.com ]
SOURCE Ryan & Maniskas, LLP
RELATED LINKS
[ http://www.rmclasslaw.com ]
