Dial Global, Inc. Shareholder Alert: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By Board Of Dial Global, Inc. In Connection With Sale Of Company To Cumulus Media Inc.
NEW YORK, Sept. 30, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Dial Global, Inc. ("Dial" or the "Company") (OTC MKTS: DIAL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Cumulus Media Inc. (Logo: http://photos.prnewswire.com/prnh/20120409/MM84375LOGO ) Click here to learn more about the investigation http://zlk.9nl.com/dialglobal, or call: 877-363-5972. There is no cost or obligation to you. Under the terms of the transaction, Dial shareholders will receive $0.155 for each share of Dial stock they own. The transaction has a total approximate value of $260 million. The investigation concerns whether the Dial Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cumulus Media Inc. is underpaying for Dial shares. Stockholders representing approximately 90% of the Company's common stock have agreed to tender their shares. If you own Dial common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/dialglobal. Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut 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. 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: (212) 363-7171 www.zlk.com SOURCE Levi & Korsinsky, LLP