SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Starz Buyout
12 Luglio 2016 - 11:17PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Starz (NASDAQ
GS: STRZA, STRZB)?
- Did you purchase any of your shares
prior to June 30, 2016?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Starz
(“Starz” or the “Company”) (NASDAQ GS: STRZA, STRZB) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company’s entry into an agreement to be acquired by
Lions Gate Entertainment Corp. (“Lionsgate”) (NYSE: LGF), in a
transaction valued at approximately $4.4 billion.
Click here to learn more:
http://rigrodskylong.com/investigations/starz-strza-strzb-buyout.
Under the terms of the agreement, each share of Lionsgate common
stock will be reclassified into 0.5 voting and 0.5 newly created
non-voting shares. Shareholders of Starz Series A common stock will
receive $18.00 in cash as well as 0.6784 of a share of Lionsgate
non-voting stock for each share of Starz Series A they own.
Based on Lionsgate’s closing stock price on June 29, 2016, Starz
Series A shareholders would have received compensation valued at
approximately $32.21 per share.
Shareholders of each share of Starz Series B common stock will
receive $7.26 in cash and 0.6321 of a share of Lionsgate voting
stock and 0.6321 of a share of Lionsgate non-voting stock for each
share of Starz Series B they own. Based on Lionsgate’s closing
stock price on June 29, 2016, Starz Series B shareholders would
have received compensation valued at approximately $33.74 per
share.
The investigation concerns whether Starz’s board of directors
failed to adequately shop the Company and obtain the best possible
value for Starz shareholders before entering into an agreement with
Lionsgate. According to Yahoo! Finance, at least one analyst has
issued a price target for Starz Series A stock at $47.00 per
share.
If you own the common stock of Starz and purchased your shares
before June 30, 2016, if you have information or would like to
learn more about these claims, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact
Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at
(888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://rigrodskylong.com/investigations/starz-strza-strzb-buyout.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160712006714/en/
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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