DIAL GLOBAL INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Dial Global, Inc. (DIAL) Over the Proposed Sale of the Company to Cumulus Media Inc.
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dial Global, Inc.
NEW YORK--(BUSINESS WIRE)-- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Dial Global, Inc. ("Dial" or the "Company") (OTC: DIAL) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Cumulus Media Inc. in a cash deal valued at approximately $260 million, including the assumption of debt. Under the terms of the proposed transaction, Dial's stockholders will receive $0.155 for each share of Dial common stock they own. This is despite the fact that Dial has traded as high as $3.40 per share over the past year.
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The investigation focuses on whether Dial's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Dial's shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients.
If you own common stock in Dial and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/DIAL or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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Faruqi & Faruqi, LLP
Juan E. Monteverde, Esq.
(877) 247-4292 or (212) 983-9330
KEYWORDS: United States North America New York
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