Fisher Communications Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to
Apr 11th 2013 3:20PM
Updated Apr 11th 2013 3:28PM
Fisher Communications Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Sinclair Broadcast Group
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Fisher Communications, Inc. ("Fisher") (NasdaqGS: FSCI) to Sinclair Broadcast Group, Inc. for shareholders. Under the terms of the proposed transaction valued at approximately $373 million, Fisher shareholders will only receive $41.00 for each share of Fisher stock owned.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com. There is no cost or fee to you.
The Fisher sale investigation centers on whether Fisher's shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Fisher's stock, and whether Fisher's board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Shareholder rights attorney Patrick Powers stated that "due to the nature of the stock for stock transaction, the proposed sale price, the size of the deal and other factors, we believe this transaction may undervalue Fisher's stock. Our proposed lawsuit will seek to ensure that shareholders are receiving the highest share price for their shares."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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