Harwood Feffer LLP Announces Investigation of Multimedia Games Holding Company, Inc.

NEW YORK, Sept. 8, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims on behalf of shareholders of Multimedia Games Holding Company, Inc. ("Multimedia Games" or the "Company") (NasdaqGS – MGAM) relating to whether its board members breached their fiduciary duties in connection with the proposed sale of the Company to Global Cash Access Holdings, Inc. ('Global Cash Access").

Multimedia Games develops and distributes gaming technology.  The Company creates and supplies comprehensive systems, content, and electronic gaming units for Native American and commercial casinos.

On September 8, 2014, Multimedia Games announced it had signed a definitive agreement to be acquired by Global Cash Access.  Under the terms of the agreement, Multimedia Games shareholders will receive $36.50 per share, for an aggregate purchase price of approximately $1.2 billion in cash.

Prior to the announcement of the proposed sale, at least one Wall Street analyst had given the Company a "Buy" rating.  According to TheStreet.com: 

We rate MULTIMEDIA GAMES HOLDING CO (MGAM) a BUY.  This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.  The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins.  We feel these strengths outweigh the fact that the company has had sub par growth in net income.

If you own Multimedia Games 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:

Robert I. Harwood, Esq.
Samuel K. Rosen, Esq.
Craig Lowther
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022

Phone Numbers: (877) 935-7400
(212) 935-7400

Email: rharwood@hfesq.com
srosen@hfesq.com
clowther@hfesq.com

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. © 2014 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