August 26, 2014 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of EVOQ Properties Inc (OTCMKTS:EVOQ), was announced concerning whether the takeover of EVOQ Properties Inc. is unfair to EVOQ Properties stockholders.

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

On August 18, 2014, EVOQ Properties Inc. (OTC US: EVOQ) announced that the company has agreed to be acquired by an entity established by affiliates of Atlas Capital Investors III, LLC, Square Mile Capital Management, LLC, and USAA Real Estate Company.
Under the terms of the proposed transaction EVOQ stockholders will receive approximately $12.96 per share, subject to certain adjustments provided for in the merger agreement with respect to the transaction.

However, the investigation concerns whether the offer is unfair to OTCMKTS:EVOQ stockholders. More specifically, the investigation concerns whether the EVOQ Properties 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 EVOQ Properties Inc (OTCMKTS:EVOQ) grew from $2.82 per share in March 2013 to as high as $10.25 per share in March 2014.