January 6, 2017 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Calamos Asset Management, Inc (NASDAQ:CLMS), was announced concerning whether the takeover of Calamos Asset Management, Inc by entity formed by the founder of Calamos Investments LLC, the operating company of Calamos Asset Management, Inc, and Calamos Asset Management's Chairman at $8.25 per share is unfair to NASDAQ:CLMS stockholders.

The investigation by a law firm concerns whether certain officers and directors of Calamos Asset Management, Inc breached their fiduciary duties owed to NASDAQ:CLMS investors in connection with the proposed acquisition.

On December 19, 2016, Calamos Asset Management, Inc (NASDAQ:CLMS) announced that it has reached an agreement in principle to be acquired by an entity formed by Mr. John Calamos and Mr. John Koudounis. Mr. Calamos is the founder of Calamos Investments LLC, the operating company of Calamos Asset Management, Inc, and Calamos Asset Management's Chairman. Under the terms of the agreement, shareholders of Calamos Asset Management, Inc (NASDAQ:CLMS) will receive $8.25 in cash for each share of Calamos Asset Management, Inc (NASDAQ:CLMS common stock.

However, given that NASDAQ:CLMS shares rose after the takeover announcement to as high as $8.69 per share on December 28, 2016, the investigation concerns whether the offer is unfair to NASDAQ:CLMS stockholders. More specifically, the investigation concerns whether the Calamos Asset Management 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.

Shares of Calamos Asset Management, Inc (NASDAQ:CLMS) reached in 2014 as high as $14.10 per share.

On January 6, 2017, NASDAQ:CLMS shares closed at $8.57 per share.