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TMCNet:  EVOQ INVESTOR ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of EVOQ Properties, Inc. - EVOQ

[August 18, 2014]

EVOQ INVESTOR ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of EVOQ Properties, Inc. - EVOQ

WILMINGTON, Del. --(Business Wire)--

Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of EVOQ Properties, Inc. ("EVOQ" or the "Company") (OTC: EVOQ) relating to the sale of the Company to an entity formed by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC and USAA Real Estate Company (the "Investor Group"). On August 18, 2014, EVOQ announced the signing of a definitive merger agreement pursuant to which the Investor Group will acquire EVOQ in a merger valued at roughly $357.4 million. As a result of the merger, EVOQ shareholders are only anticipated to receive $12.96 per share in cash in exchange for each share of EVOQ.

Andrews & Springer's investigation focuses on the sales process leading up to the announcement of the merger, which appears to have some questionable conflicts of interest, thus making the process and consideration unfair. As indicated by the Company, MMPI Acquisition LLC, a venture formed by Mount Kellett Capital Management LP and Global Asset Capital LP, is the Company's majority and controlling shareholder.

Andrews & Springer is investigating whether EVOQ directors are breaching their fiduciary duties by failing to adequtely shop the company and secure the best value for shareholders.


If you own shares of EVOQ and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/EVOQ or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn (News - Alert) - www.linkedin.com/company/andrews-&-springer-llc, Twitter (News - Alert) - www.twitter.com/AndrewsSpringer or Facebook (News - Alert) - www.facebook.com/AndrewsSpringer for future updates.

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.


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