NEW YORK, May 2, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Dreamworks Animation SKG Inc. ("DWA" or the "Company") in connection with the proposed acquisition of the Company by Comcast Corporation ("Comcast"). On April 28, 2016, the Company announced it had reached a definitive agreement for Comcast to acquire all outstanding shares of DWA in a transaction valued at approximately $3.8 billion. Under the terms of the agreement, DWA shareholders will receive $41.00 in cash for each DWA share they own.
WeissLaw is investigating whether DWA's Board acted to maximize shareholder value prior to entering into the agreement. Notably, the Company recently announced positive financial results, reporting revenues of $319.3 million in the fourth quarter of 2015, representing a 36.3% increase of year-over-year. Further, according their press release, the acquisition of DWA will broaden Comcast's reach to "a host of new audiences in the highly competitive kids and family entertainment space."
Given these facts, WeissLaw is investigating whether DWA's Board acted in the best interests of DWA's public shareholders to maximize shareholder value prior to entering into the agreement. If you own DWA shares and would like more information about your right or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.
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SOURCE WeissLaw LLP