Law Office of Brodsky & Smith, LLC Announces Investigation of Dreams, Inc.
27 Abril 2012 - 10:59PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Dreams, Inc. (“Dreams” or the “Company”) (NYSE Amex: DRJ) relating
to the proposed acquisition by Fanatics, Inc. (“Fanatics”).
Under the terms of the transaction, Dreams shareholders would
receive only $3.45 in cash for each share of Dreams stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Dreams
for not acting in the Company’s shareholders' best interests in
connection with the sale process to Fanatics. The transaction may
undervalue Dreams as the transaction would pay Dreams shareholders
only a slight premium above the $3.00 per share Dreams stock traded
on March 26, 2012. In addition, an analyst has set a price target
on Dreams stock at $5.00 per share.
If you own shares of Dreams stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/409-drj-dreams-inc.html, or by calling
toll free 877-LEGAL-90.
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