WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of ClubCorp Holdings, Inc. (“MYCC” or the “Company”) (NYSE: MYCC) in connection with the proposed acquisition of the Company by affiliates of Apollo Global Management, LLC (the “Affiliates”). Under the terms of the acquisition agreement, the Company’s shareholders will receive $17.12 in cash for each MYCC share they own.
WeissLaw is investigating whether MYCC’s Board acted to maximize shareholder value prior to entering into the agreement. Notably, the offer price is nearly $10.00 less than the analyst target price of $27.00. Additionally, MYCC recently announced its twelfth consecutive quarter of growth; reporting revenue of $221.3 million in the first quarter of 2017, an increase of $6.4 million when compared to the $214.9 million reported in the same period of the previous year.
Given these facts, WeissLaw is investigating whether MYCC’s Board acted in the best interests of MYCC’s public shareholders to maximize shareholder value prior to entering into the agreement. If you own MYCC shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/clubcorp-holdings-inc/