Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the merger of Outdoor Channel Holdings, Inc. (“Outdoor”) (NasdaqGS: OUTD) with InterMedia Outdoor Holdings, LLC. Under the proposed cash-and-stock deal valued at approximately $148.8 million, Outdoor shareholders will only receive either $8.00 in cash or one share of stock in InterMedia for each share of Outdoor owned, well below at least one analyst’s estimated value of $9.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Outdoor sale investigation centers on whether Outdoor’s shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Outdoor’s stock, and whether Outdoor’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. According to an analyst with Yahoo! Finance, the true inherent value of Outdoor could be as high as $9.00 per share. Shareholder rights attorney Patrick Powers stated that “due to analysts’ recent estimates and other factors, we believe that this transaction may undervalue Outdoor stock. Our lawsuit will seek to obtain the highest share price for all shareholders.”
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.