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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Outdoor Channel Holdings, Inc. In Connection With The Sale Of The Company To InterMedia Outdoor Holdings, LLC
Dec. 13, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Outdoor Channel Holdings, Inc. ("Outdoor Channel" or the "Company") (NasdaqGS: OUTD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to InterMedia Outdoor Holdings, LLC ("IMOH").
Click here to learn more about the investigation
http://zlk.9nl.com/outdoor-channel-holdings-outd, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Outdoor Channel shareholders may elect to receive either
$8.00 in cash or one share of IMOH common stock for each share of Outdoor Channel stock they own. The transaction has a total approximate value of
$148.8 million. The investigation concerns whether the Outdoor Channel Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before entering into this transaction and whether IMOH is underpaying for Outdoor Channel shares, thus unlawfully harming Outdoor Channel stockholders. In particular, at least one analyst set a price target for Outdoor Channel stock at
$9.00 per share.
If you own common stock in Outdoor Channel and wish to obtain additional information, please contact
Joseph E. Levi, Esq. either via email at
firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
Levi & Korsinsky is a national firm with offices in
New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP
Joseph Levi, Esq.Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor
New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510
SOURCE Levi & Korsinsky, LLP