Block & Leviton LLP Investigates Arbitron Inc. For Possible Breaches Of Fiduciary Duty In Connection With Its Acquisition By Nielsen Holdings N.V.
BOSTON, Dec. 18, 2012 /PRNewswire/ -- Block & Leviton LLP ( www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Arbitron Inc. ("Arbitron" or the "Company") (NYSE: ARB) with regards to the acquisition of the Company by Nielsen Holdings N.V. ("Nielson") (NYSE: NLSN).
Under the terms of the agreements, Nielsen will acquire each outstanding share of Arbitron for $48 per share in cash. The transaction has a total approximate value of $1.26 billion. This represents just a 24% premium to the stock's recent high of $38.59 on December 10, 2012, and the Company stock price had increased nearly ten percent in the past month alone. Indeed, the Company's most recent financial reports show that revenue has increased nearly ten percent, as are Arbitron's total current assets in comparison to the previous year.
Block & Leviton's investigation seeks to determine, among other things, whether Arbitron's Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed acquisition, disclosing all material benefits and costs and obtaining full and fair consideration for Company shareholders as well as the fairness of the process by which the Arbitron Directors considered and approved the transaction.
If you are an Arbitron shareholder and have questions about your legal rights, or if you have information relevant to this investigation, please contact attorney Philip Marino, at (617) 398-5600 or email him at Philip@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors nationwide for violations of securities laws. The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years. This notice may constitute attorney advertising. Contact:Select the service that is right for you!
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