Harwood Feffer LLP Announces Investigation of Starz
Jun 30, 2016
NEW YORK, June 30, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Starz ("Starz" or the "Company") (NASDAQ: STRZA, STRZB) concerning the proposed acquisition of the Company by a subsidiary of Lionsgate Entertainment Corp. ("Lionsgate").
Under the terms of the offer, Lionsgate would acquire Starz in a transaction valued at approximately $4.4 billion. Pursuant to the deal, holders of Starz Series A common stock will receive 0.6784 of a share of Lionsgate stock and $18.00 in cash for each share, the value of which is equivalent to $32.21, and holders of Starz Series B common stock will receive cash and stock valued at $33.73. At least one Wall Street analyst has set a target price for Starz Series A stock of $47 per share.
Our investigation concerns whether the Starz board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Starz 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:
Benjamin I. Sachs-Michaels, 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: bsachsmichaels@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.
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