|[August 22, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of EVOQ Properties, Inc. In Connection With The Proposed Sale Of The Company
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of EVOQ Properties, Inc. ("EVOQ" or the "Company") (Other OTC:
EVOQ) relating to the proposed buyout of the Company by Atlas Capital
Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real
Estate Company (collectively, the "Investor Group").
On August 18, 2014, EVOQ announced that the Company had agreed to be
acquired by the Investor Group in a transaction valued at approximately
$357.4 million. Under the terms of the transaction, EVOQ shareholders
are anticipated to receive$12.96 in cash for each share of EVOQ they
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into the
transaction, and whether the Investor Group is underpaying for EVOQ
If you currently own common stock of EVOQ and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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