SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of MTR Gaming Group, Inc. in Connection With the Sale of the Company
NEW YORK, Sept. 11, 2013 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of MTR Gaming Group, Inc. ("MTR" or the "Company") (NasdaqGS: MNTG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to the parent company of Eldorado Resorts, LLC.
Click here to learn more about the investigation http://zlk.9nl.com/mtr-gaming-group/, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, MTR shareholders will be offered a cash election option of $5.15 per share for up to 5.8 million shares; the remaining shares will be exchanged for shares in the post-merger company. The investigation concerns whether the MTR Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Eldorado Resorts, LLC is underpaying for MTR shares. In particular, at least one analyst set a price target of $7.00 per MTR share.
If you own MTR common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/mtr-gaming-group/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
SOURCE Levi & Korsinsky, LLP
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