Buyout of Warner Music Investigated by Tripp Levy PLLC
06 Mayo 2011 - 3:29PM
Business Wire
Tripp Levy PLLC, a leading national securities law firm,
announces an investigation into the proposed acquisition of Warner
Music Group Corp. (NYSE:WMG) Access Industries for all the
outstanding common shares of Warner for $8.25 per share.
However, it was recently reported by Reuters that the private
equity firm Gores Group is interested in acquiring Warner for up to
$8.50 per share.
The investigation concerns, among other things, whether the
consideration to be paid to Warner shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Warner. The investigation further concerns the board of directors
of Warner may have breached their fiduciary duties by not acting in
Warner shareholders' best interests in connection with the sale
process of Warner.
If you own Warner common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Tripp LevyTripp Levy PLLC125 East 82nd Street9th FloorNew York,
New YorkToll Free: 877-772-3975Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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