The Deal Covers AMERI and Lone Star Value’s Takeover Bid and Activist Campaign at Edgewater Technology
The Deal (subscription required) covered the launch of an activist campaign by Olshan clients AMERI Holdings and Lone Star Value at Edgewater Technology. AMERI Holdings has made a takeover bid to acquire Edgewater Technology for $8.50 per share. Activist investor Lone Star Value together with AMERI Holdings has launched a consent solicitation campaign seeking to remove and replace all five non-executive members of Edgewater’s Board. AMERI Holdings and Lone Star Value launched the consent solicitation process after Edgewater previously summarily rejected a bid that represented a 20% premium to Edgewater’s average stock price over the past twelve months. Steve Wolosky, Meagan Reda, Ryan Nebel and Bachar Mahmoud represent AMERI Holdings and Lone Star Value in connection with their activist campaign at Edgewater. Adam Finerman and Jason Cabico represent AMERI Holdings in connection with its M&A activity.