SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Crown Media Holding, Inc. - CRWN

10 Mar, 2016, 11:40 ET from Pomerantz LLP

NEW YORK, March 10, 2016 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Crown Media Holding, Inc. ("Crown Media" or the "Company") (NASDAQ:   CRWN) (ISIN: US2284111042) (CUSIP: 228411104) concerning the proposed acquisition of Crown Media by Hallmark Cards, Inc..

Crown Media shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 9980.

The investigation concerns whether the Crown Media directors are breaching their fiduciary duties by failing to adequately maximize shareholder value. Under the terms of the proposed transaction, Crown Media shareholders will be entitled to receive $5.05 in cash for each share of Crown Media common stock. 

However, the Book Value, EBITDA, and EBIT multiples are below the averages of comparable transactions, according to a Bloomberg analysis.  

Pomerantz LLP, with offices in New York, Chicago, Florida, and Los Angeles, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 9980
rswilloughby@pomlaw.com

 

SOURCE Pomerantz LLP



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