NEW YORK, Jan. 20, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of CEC Entertainment Inc. ("CEC" or the "Company") (NYSE: CEC) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Apollo Global Management, LLC in a cash deal valued at approximately $1.3 billion, including the assumption of debt. Under the terms of the proposed transaction, CEC's stockholders will receive $54 for each share of CEC common stock they own.
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The investigation focuses on whether CEC's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of CEC's shareholders.
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If you own common stock in CEC Entertainment Inc. and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CEC or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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