(SI Newswire) SAN FRANCISCO, Ca., July 14, 2017 -- Brownstein Law Group, PC (brownsteinlawgroup.com), a firm focusing on shareholder litigation, gives notice to shareholders of investigation into the following securities for violations of the Federal and State Securities Laws:
ClubCorp Holdings Inc. (NYSE: MYCC)
The firm is investigating potential claims against the Board of Directors of ClubCorp Holdings Inc. (NYSE: MYCC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to affiliates of Apollo Global Management ("Apollo").
Under the terms of the transaction, ClubCorp shareholders will receive only $17.10 in cash for each share of ClubCorp stock they own. The investigation concerns whether the Board of ClubCorp breached their fiduciary duties to shareholders and whether Apollo is underpaying for the Company. The transaction may undervalue the Company and would result in no real gain or a loss for many ClubCorp shareholders.