25/07/2014 03:10:13 Free Membership Login

Law Office of Brodsky & Smith, LLC Announces Investigation of Outdoor Channel Holdings, Inc.

Date : 11/20/2012 @ 8:05AM
Source : PR Newswire (US)
Stock : Outdoor Channel Holdings, Inc. (MM) (OUTD)
Quote : 10.3  0.0 (0.00%) @ 11:35AM
Outdoor Channel Holdings, Inc. (MM) share price Chart

Law Office of Brodsky & Smith, LLC Announces Investigation of Outdoor Channel Holdings, Inc.

Outdoor Channel Holdings, Inc. (MM) (NASDAQ:OUTD)
Historical Stock Chart

2 Years : From Jul 2012 to Jul 2014

Click Here for more Outdoor Channel Holdings, Inc. (MM) Charts.
Law Office of Brodsky & Smith, LLC Announces Investigation of Outdoor Channel Holdings, Inc.

BALA CYNWYD, Pa., Nov. 19, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Outdoor Channel Holdings, Inc. ("Outdoor Channel" or the "Company") (Nasdaq: OUTD) relating to the proposed acquisition by InterMedia Outdoor Holdings, Inc ("InterMedia").

Under the terms of the transaction, Outdoor Channel shareholders will receive only $8.00 in cash or one share of stock in InterMedia, a privately held company, for each share of Outdoor Channel stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Outdoor Channel for not acting in the Company's shareholders' best interests in connection with the sale process to Parthenon. The transaction may undervalue the Company and will not result in a substantial gain and may even cause a loss for many Outdoor Channel shareholders. For example Outdoor Channel stock traded at $8.45 on February 10, 2011 and $7.85 as recently as March 23, 2012. In addition, an analyst has placed a $9.00 per share price target on Outdoor Channel stock.

If you own shares of Outdoor Channel stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com visiting http://brodsky-smith.com/508-outd-outdoor-channel-holdings-inc.html, by calling toll free 877-LEGAL-90.

 

SOURCE Brodsky & Smith, LLC

Copyright 2012 PR Newswire



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 in 140725 03:10