NEW YORK, June 29, 2015 /PRNewswire/ -- Bernstein Liebhard
LLP is investigating whether the Board of Directors of Martha
Stewart Living Omnimedia, Inc. ("Martha
Stewart" or the "Company") (NYSE:MSO) breached its fiduciary
duty to its shareholders in agreeing to sell Martha Stewart to Sequential Brands Group, Inc.
("Sequential").
Under the terms of the merger agreement, each of Sequential and
Martha Stewart will merge with and
into subsidiaries of a newly formed public holding company
("TopCo"). Pursuant to the terms of the merger agreement, each
share of Sequential common stock will be converted into one share
of TopCo common stock. Martha
Stewart stockholders will be entitled to elect to receive
either (a) $6.15 in cash or (b) a
number of shares of TopCo common stock equal to $6.15 divided by the volume weighted average
price of Sequential common stock during the five-day period ending
on the trading day immediately prior to closing, for each share of
Martha Stewart common stock
held.
The investigation is focused on the potential unfairness of the
price to Martha Stewart shareholders
and the process by which the Martha Stewart Board of Directors
considered and approved the transaction.
If you are interested in discussing your rights as a
Martha Stewart stockholder, with no
obligation or cost to you, please contact Joseph R. Seidman, Jr. at:
(877) 779-1414
or
seidman@bernlieb.com
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients.
The National Law Journal has recognized Bernstein Liebhard
for twelve consecutive years as one of the top plaintiffs' firms in
the country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2015 Bernstein Liebhard LLP. The
law firm responsible for this advertisement is Bernstein Liebhard
LLP, 10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for
this advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
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SOURCE Bernstein Liebhard LLP