NEW YORK, May 27, 2015 /PRNewswire/ -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased or otherwise acquired shares of SFX Entertainment, Inc. (NASDAQ: SFXE) prior to May 26, 2015.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of SFX Entertainment to an affiliate of its Chief Executive Officer and Executive Chairman of the Board of Directors, Robert F.X. Sillerman for $5.25 per share. To learn more about the investigation and your rights, go to:
Under the terms of the proposed transaction, SFX Entertainment shareholders would receive $4.75 in cash for each SFX Entertainment common share they own. The investigation concerns whether the offer undervalues SFX Entertainment, and whether Sillerman is taking advantage of his position as CEO to purchase the Company at an unfair price.
If you own SFX common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sfx-entertainment-sfxe.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
SOURCE Levi & Korsinsky, LLP