BALA CYNWYD, Pa., July 5, 2016 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Starz ("Starz" or "the Company") (Nasdaq- STRZA or STRZB-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Lions Gate Entertainment Corp. ("LGF").
Click here to learn more about the investigation http://brodsky-smith.com/1096-strza-and-strzb-starz.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, STRZA shareholders will receive only $18.00 in cash and 0.6784 of a share of LGF for each share of STRZA stock they own. The transaction values STRZA at only proximately $32.21 per share. STRZB shareholders will receive only $7.60 in cash and 0.63 of a share of LGF for each share of STRZB stock they own. The transaction values STRZB at only approximately $33.73. The investigation concerns whether the Board of Starz breached their fiduciary duties to shareholders and whether LGF is underpaying for the Company. The transaction may undervalue the Company and would result in a substantial loss for many long-term Starz shareholders. For example, STRZA stock traded at $46.48 per share on July 16, 2015 and an analyst has set a price target for STRZA stock at $35.38 per share. In addition, STRZB traded at $44.86 on July 21, 2015.
If you own shares of Starz 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/1096-strza-and-strzb-starz.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