NEW YORK, March 10, 2016 /PRNewswire/ -- On March 8, 2016, after the market closed, majority
shareholder Hallmark Cards, Inc. announced that it is taking Crown
Media Holdings, Inc. (NASDAQ: CRWN) private in a short-form merger
for $5.05 per share. According
to Carl Stine, who is a partner at
Wolf Popper LLP, "This appears to be a low-ball price.
Hallmark seems to be trying to use its control of the company to
take advantage of a temporary dip in its share price. It was
trading at a significantly higher price only a couple of months
ago." The price is only a 2.5% premium over Crown Media's
$4.93 per share closing price on
March 8, 2016, and is significantly
less than Crown Media's 52-week high of $6.08 per share.
Wolf Popper is investigating
claims on behalf of investors in Crown Media concerning the
transaction. Crown Media shareholders seeking more
information about the transaction or Wolf
Popper's investigation can contact Mr. Stine at (212)
759-4600 or cstine@wolfpopper.com.
Wolf Popper has extensive
experience representing investors in mergers and acquisition
lawsuits and has successfully ensured that investors receive the
maximum compensation. Twelve Wolf Popper attorneys were named
Rising Stars or Super Lawyers in the 2015 Super Lawyers New York
City Metro Edition, including Wolf
Popper partner Carl Stine,
who was included in the Super Lawyers Top 100 List for the
New York City Metro area.
View Wolf Popper attorney biographies at www.wolfpopper.com.
Attorney Advertising: Prior Results Do Not Guarantee A Similar
Outcome.
Wolf Popper LLP
845 Third Avenue
New York, New York 10022
Telephone: 212-759-4600
Toll Free Tel: 877-370-7703
Toll Free Fax: 877-370-7704
Email: cstine@wolfpopper.com
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SOURCE Wolf Popper LLP