NEW YORK, July 27, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Outerwall Inc. ("Outerwall" or the "Company") (NASDAQ: OUTR) concerning the proposed acquisition of the Company by Apollo Global Management LLC ("Apollo").
Under the terms of the offer, Apollo would acquire Outerwall in a transaction valued at approximately $1.6 billion. Pursuant to the deal, Outerwall stockholders will receive $52.00 in cash per share. At least one Wall Street analyst has set a price target for Outerwall stock of $58.00 per share.
Our investigation concerns whether the Outerwall board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Outerwall shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq. Robert I. Harwood, Esq. Harwood Feffer LLP 488 Madison Avenue New York, New York 10022 Phone Numbers: (877) 935-7400 (212)935-7400 Email: [email protected] Website: http://www.hfesq.com Follow us on Twitter: @HarwoodFeffer
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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