Adams Golf Investor Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Acquisition of Adams Golf, Inc. by TaylorMade-adidas Golf Company

DALLAS--(BUSINESS WIRE)--

Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Adams Golf, Inc. (“Adams Golf” or “ADGF”) ADGF to TaylorMade-adidas Golf Company for shareholders. Under the proposed transaction, Adams Golf shareholders will receive only $10.80 in cash for each share of Adams Golf/ADGF stock owned.

If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The definitive acquisition agreement involves an all cash transaction with a total equity value of approximately $70 million. The deal is expected to close in mid-2012.

The investigation centers on whether Adams Golf shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Adams Golf stock, and whether Adams Golf board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to shareholder rights attorney Willie Briscoe, “Although the acquisition price represents an approximate 9.5% premium over the closing price of Adams Golf shares the day prior to the buyout announcement, Adams Golf recently announced positive financial news about the company's sales, including reporting net profit of $14.5 million and record net sales of $96.5 million for year 2011. Based on these and other factors, we believe that the transaction significantly undervalues Adams Golf stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”

The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.