MARTHA STEWART LIVING OMNIMEDIA ALERT - National Securities Law Firm Seeks Higher Price for Shareholders in Connection with its Acquisition, and Encourages Shareholders to Contact Law Firm for More Information.
Jun 22, 2015, 09:57 ET
NEW YORK, June 22, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Martha Stewart Living Omnimedia (NYSE: MSO) ("MSO" or the "Company") on behalf of its shareholders. Sequential Brands Group, Inc. announced that it has signed a definitive merger agreement to acquire all of the outstanding shares of MSO for aggregate consideration valued at $6.15 per share, payable 50% in stock and 50% in cash.
Our investigation has determined that the implied price of only $6.15 per share unfairly under-values the true going forward inherent value of MSO and that shareholders are not receiving the maximum value for their shares. Indeed, at least one analyst has opined that the Company is worth at least $7.18 per share, and the stock traded as high as $7.11 this past year. Further, the Company has no long term debt. The investigation further seeks to determine whether the senior management of MSO is entering into this deal for their own self-interests to the detriment of the Company's shareholders. Indeed, Martha Stewart will become a significant stockholder of the new public holding company of Sequential and MSO and Ms. Stewart will be nominated to serve on its board of directors.
If you are a shareholder of MSO and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
Email: [email protected]
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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