The Law Office of Abe Shainberg is investigating the Board of Directors of Mediacom Communications Corp (NasdaqGS: MCCC) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Rocco B. Commisso, the founder, Chairman and Chief Executive Officer of Mediacom. (“Commisso”). Under the terms of the transaction, Mediacom shareholders will receive $8.75 per share in cash for each share they own for a total transaction value of approximately $600 million.
The investigation concerns whether the Mediacom Board of Directors breached their fiduciary duties to Mediacom stockholders by failing to adequately shop the Company before entering into this transaction and whether Commisso is underpaying for Mediacom shares. Commisso owns approximately 40% of the Company’s common stock representing about 87% of the voting power.
If you own common stock in Mediacom and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/mediacom-communications-mccc.html.
Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.