NEW YORK, June 30, 2015 /PRNewswire/ -- Gardy &
Notis, LLP, a leading national securities firm headquartered in
New York City, is investigating
the proposed acquisition of Martha Stewart Living Omnimedia, Inc.
("Stewart") (NYSE: MSO) by Sequential Brands Group, Inc.
("Sequential") in a transaction valued at approximately
$353 million.
Stewart shareholders stand to gain $6.15 per share in cash or stock valued at
$6.15 per share in a newly formed
company. According to Yahoo! Finance, at least one analyst
has issued a price target for Martha
Stewart stock at $7.18 per
share. As a result of the proposed transaction, Martha Stewart will personally become a
"significant shareholder" of the newly formed company and will
obtain a highly profitable employment agreement in connection with
the proposed transaction.
The investigation concerns whether the Board of Directors of
Stewart breached their fiduciary duty to stockholders by failing to
adequately shop Stewart before agreeing to enter into this
transaction, attaching conditions to the merger than make it more
difficult for competing offers to emerge, providing Martha Stewart with benefits not provided to
other stockholders, and whether Sequential is underpaying for
Stewart shares.
Gardy & Notis, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, stockholder, and consumer
litigation, throughout all phases of litigation. The firm has
an experienced trial team which has achieved significant victories
on behalf of the firm's clients.
If you own common stock in Stewart and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.gardylaw.com or contact Mark C. Gardy, Esq. either via e-mail at
mgardy@gardylaw.com or by telephone at (212) 905-0509.
Contact:
Gardy & Notis, LLP
126 East 56th Street, 8th Floor
New York, NY 10022
Attn: Mark C. Gardy, Esq.
mgardy@gardylaw.com
Phone: (212) 905-0509
Attorney Advertising. (C) 2015 Gardy & Notis, LLP.
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& Notis, LLP (www.gardylaw.com). Prior results do not
guarantee or predict a similar outcome with respect to any future
matter. We are happy to discuss your particular case.
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SOURCE Gardy & Notis, LLP