September 21, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Adept Technology Inc (NASDAQ:ADEP), was announced concerning whether the takeover of Adept Technology Inc. by OMRON Corporation is unfair to NASDAQ:ADEP stockholders.

The investigation by a law firm concerns whether certain officers and directors of Adept Technology Inc breached their fiduciary duties owed to NASDAQ:ADEP investors in connection with the proposed acquisition.

On September 16, 2015, OMRON Corporation and Adept Technology Inc (NASDAQ:ADEP) announced that the two companies have entered into an agreement whereby OMRON will acquire Adept. OMRON plans to acquire 100% of the outstanding shares of Adept common stock through an all cash tender offer followed by a second-step merger. OMRON will offer Adept investors $13.00 per share of Adept common stock.
However, given that Shares of Adept Technology Inc (NASDAQ:ADEP) reached as high as $20.09 per share in March 2014, the investigation concerns whether the offer is unfair to NASDAQ:ADEP stockholders. More specifically, the investigation concerns whether the Adept Technology Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.