BALA CYNWYD, Pa., April 16, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Dreams, Inc. ("Dreams" or the "Company") (NYSE Amex: DRJ) relating to the proposed acquisition by Fanatics, Inc. ("Fanatics").
Under the terms of the transaction, Dreams shareholders would receive only $3.45 in cash for each share of Dreams stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Dreams for not acting in the Company's shareholders' best interests in connection with the sale process to Fanatics. The transaction may undervalue Dreams as the transaction would pay Dreams shareholders only a slight premium above the $3.00 per share Dreams stock traded on March 26, 2012. In addition, an analyst has set a price target on Dreams stock at $5.00 per share.
If you own shares of Dreams stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], visiting http://brodsky-smith.com/409-drj-dreams-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC