NEW YORK, March 10, 2016 /PRNewswire/ -- On March 8, 2016, after the market closed, majority shareholder Hallmark Cards, Inc. announced that it is taking Crown Media Holdings, Inc. (NASDAQ: CRWN) private in a short-form merger for $5.05 per share. According to Carl Stine, who is a partner at Wolf Popper LLP, "This appears to be a low-ball price. Hallmark seems to be trying to use its control of the company to take advantage of a temporary dip in its share price. It was trading at a significantly higher price only a couple of months ago." The price is only a 2.5% premium over Crown Media's $4.93 per share closing price on March 8, 2016, and is significantly less than Crown Media's 52-week high of $6.08 per share.
Wolf Popper is investigating claims on behalf of investors in Crown Media concerning the transaction. Crown Media shareholders seeking more information about the transaction or Wolf Popper's investigation can contact Mr. Stine at (212) 759-4600 or firstname.lastname@example.org.
Wolf Popper has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2015 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP