Rigrodsky & Long, P.A. Announces Investigation Of Dial Global, Inc. Buyout

Rigrodsky & Long, P.A.:
  • Do you own shares of Dial Global, Inc. (OTC PINK: DIAL )?
  • Did you purchase any of your shares prior to August 30, 2013?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Dial Global, Inc. (“Dial” or the “Company”) (OTC PINK: DIAL) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by a subsidiary of Cumulus Media Inc. (“Cumulus”) (NASDAQ GS: CMLS) in a transaction valued at approximately $260 million.

Click here to learn more: http://www.rigrodskylong.com/investigations/dial-global-inc-dial.

Under the terms of the agreement, public shareholders of Dial will receive $0.155 per share in cash for each share of Dial they own.

The investigation concerns whether Dial’s board of directors failed to adequately shop the Company and obtain the best possible value for Dial’s shareholders before entering into an agreement with Cumulus. According to Yahoo! Finance, at least one analyst has set a price target for Dial stock at $1.00 per share.

If you own the common stock of Dial and purchased your shares before August 30, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Shaye Fuchs at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/dial-global-inc-dial.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

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