SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary
Nov 20th 2012 12:21PM
Updated Nov 20th 2012 12:24PM
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Outdoor Channel Holdings, Inc. in Connection with the Sale of the Company to InterMedia Outdoor Holdings, LLC
NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Outdoor Channel Holdings, Inc. ("Outdoor Channel" or the "Company") (NasdaqGS: OUTD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to InterMedia Outdoor Holdings, LLC ("IMOH").
Click here to learn more about the investigation http://zlk.9nl.com/outdoor-channel-holdings-outd, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Outdoor Channel shareholders may elect to received either $8.00 in cash or one share of IMOH common stock for each share of Outdoor Channel stock they own. The transaction has a total approximate value of $148.8 million. The investigation concerns whether the Outdoor Channel Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether IMOH is underpaying for Outdoor Channel shares, thus unlawfully harming Outdoor Channel stockholders. In particular, at least one analyst set a price target for Outdoor Channel stock at $9.00 per share.
If you own common stock in Outdoor Channel and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/outdoor-channel-holdings-outd.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
KEYWORDS: United States North America New York
The article SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Outdoor Channel Holdings, Inc. in Connection with the Sale of the Company to InterMedia Outdoor Holdings, LLC originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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