BALA CYNWYD, Pa., July 25, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Outerwall Inc. ("Outerwall" or "the Company") (Nasdaq- OUTR-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Apollo Global Management, LLC. ("Apollo").
Click here to learn more about the investigation http://brodsky-smith.com/1106-outr-outerwall-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Outerwall shareholders will receive only $52.00 in cash for each share of Outerwall stock they own. The investigation concerns whether the Board of Outerwall breached their fiduciary duties to shareholders and whether Apollo is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long-term Outerwall shareholders. For example, Outerwall stock traded at $84.45 per share on July 22, 2015 and traded at $66.02 per share as recently as November 18, 2015. In addition, an analyst has set a price target for Outerwall stock 58.00 per share.
If you own shares of Outerwall stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1106-outr-outerwall-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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SOURCE Brodsky & Smith, LLC