The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Dial Global, Inc. (“Dial”) (OTC Pink: DIAL) and other violations of state law by the board of directors of Dial relating to the proposed merger of the Company with Cumulus Media, Inc. (“Cumulus”). The firm’s investigation seeks to determine, among other things, whether the board of directors of Dial breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed merger, Dial shareholders will receive $0.155 for each share of Dial common stock they own. The company’s stock recently traded above the proposed merger price.
If you currently own common stock of Dial and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.