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| [November 23, 2012] |
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Law Office of Brodsky & Smith, LLC Announces Investigation of Outdoor Channel Holdings, Inc.
BALA CYNWYD, Pa. --(Business Wire)--
Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Outdoor Channel
Holdings, Inc. ("Outdoor Channel" or the "Company") (Nasdaq: OUTD)
relating to the proposed acquisition by InterMedia Outdoor Holdings, Inc
("InterMedia").
Under the terms of the transaction, Outdoor Channel shareholders will
receive only $8.00 in cash or one share of stock in InterMedia, a
privately held company, for each share of Outdoor Channel stock they
own. The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Outdoor
Channel for not acting in the Company's shareholders' best interests in
conection with the sale process to Parthenon. The transaction may
undervalue the Company and will not result in a substantial gain and may
even cause a loss for many Outdoor Channel shareholders. For example
Outdoor Channel stock traded at $8.45 on February 10, 2011 and $7.85 as
recently as March 23, 2012. In addition, an analyst has placed a $9.00
per share price target on Outdoor Channel stock.
If you own shares of Outdoor Channel 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/508-outd-outdoor-channel-holdings-inc.html,
by calling toll free 877-LEGAL-90.

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