|[January 08, 2013]
Law Firm Brower Piven Announces Investigation of Epocrates, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Epocrates, Inc. ("Epocrates"
or the "Company") (Nasdaq: EPOC) and other violations of state law by
the board of directors of Epocrates relating to the proposed acquisition
of the Company by Athenahealth, Inc. The firm's investigation seeks to
determine, among other things, whether the board of directors of
Epocrates breached their fiduciary dutie by failing to maximize
Under the terms of the proposed transaction, Epocrates shareholders will
receive $11.75 in cash for each share of common stock they own. The
transaction is currently being valued at $293 million. According to
Yahoo! Finance, the high analyst price target is $15.00 per Epocrates
If you currently own common stock of Epocrates 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
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.
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