Harwood Feffer LLP Announces Investigation of SFX Entertainment, Inc.'s Board of Directors in Connection with the Fairness of the Proposed Sale of the Company to Its CEO

NEW YORK, Feb. 25, 2015 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of SFX Entertainment Inc. ("SFX" or the "Company") (NASDAQ: SFXE) concerning the proposal of Robert F. X. Sillerman ("Sillerman"), SFX's Chairman, CEO, and largest shareholder, to take SFX private.

SFX is the largest global producer of live events and digital entertainment content, focused exclusively on electronic music culture and other world-class festivals.  Sillerman, who currently owns approximately 39.8% of the outstanding common stock of SFX, is the Company's largest shareholder.  Sillerman has made a non-binding offer to take the Company private by acquiring all of the outstanding shares he does not already own for $4.75 per share.  As recently as early to mid-November 2014, however, SFX was trading above $5.00 per share.  The board of directors has appointed a special committee to review and negotiate the non-binding offer.

Our investigation concerns whether the SFX board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, and obtaining full and fair consideration for Company stockholders.

If you own SFX shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

James G. Flynn, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212) 935-7400
Email: jflynn@hfesq.com
Website: http://www.hfesq.com 
Follow us on Twitter: @HarwoodFeffer

Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.

Attorney Advertising. © 2015 Harwood Feffer LLP.  The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.

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SOURCE Harwood Feffer LLP