NEW YORK, Jan. 16, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading securities and shareholder rights law firm that represents shareholders throughout the nation, announces that it is investigating the acquisition of CEC Entertainment, Inc. ("CEC") on behalf of shareholders. Apollo Global Management, LLC and CEC Entertainment, Inc. announced that they have entered into a definitive merger agreement whereby Apollo, will acquire CEC, for $54.00 per share in cash.
The investigation concerns whether the board of directors and senior management of CEC breached their fiduciary duties by not engaging in a full and fair auction and process to sell the company so that shareholders received the maximum value for their shares while, at the same time, seeking personal benefits for their own self interests in selling the company.
If you are a shareholder of CEC and would like additional information regarding this matter, at no cost or expense, please contact us at:
Tripp Levy PLLC is a leading securities and shareholder rights law firm that has extensive experience in mergers and takeovers, and has assisted in the recovery of hundreds of millions of dollars for shareholders around the globe. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC