INVESTOR ALERT: Brower Piven Commences an Investigation Into the Proposed Sale of Crown Media Holdings, Inc. & Encourages Inv...
14 Marzo 2016 - 7:18PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, announces that it is investigating
potential legal claims against the board of directors of Crown
Media Holdings, Inc. (“Crown Media” or the “Company”)
(NASDAQ: CRWN) regarding possible breaches of fiduciary duties
and other violations of law related to the Company’s proposed
acquisition by Hallmark Cards, Inc.
Under the terms of the transaction, shareholders of Crown Media
will receive $5.05 in cash for each share of Crown Media common
stock. The firm’s investigation seeks to determine, among other
things, whether the Company’s Board of Directors failed to satisfy
their duties to shareholders, including whether the Board
adequately pursued alternatives to the acquisition and whether the
Board obtained the best price possible for the Company’s shares of
common stock.
If you currently own the Company’s common stock and believe that
the proposed buyout price is too low, or you would like to learn
more about the investigation being conducted by Brower Piven,
please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160314006197/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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