NEW YORK, Aug. 17, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed in United States District Court for the District of Nevada against ClubCorp Holdings, Inc. ("ClubCorp" or the "Company") (NYSE: MYCC) for alleged breaches of fiduciary duty in connection with the proposed sale of the Company to Apollo Global Management, LLC ("Apollo"). Such investors are encouraged to learn more about this case by visiting the firm's site: http://www.bgandg.com/mycc.
On July 9, 2017, ClubCorp announced that it "has entered into a definitive agreement with affiliates of certain investment funds (the "Apollo funds") managed by affiliates of Apollo Global Management, LLC (together with its consolidated subsidiaries, "Apollo") (APO), a leading global alternative investment manager, pursuant to which the Apollo funds will acquire all of the outstanding shares of ClubCorp for $17.12 per share in cash, or approximately $1.1 billion. The all-cash transaction represents a premium of approximately 30.7% over ClubCorp's closing stock price on July 7, 2017."
A class action lawsuit has already been filed. If you are a ClubCorp shareholder and wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/mycc. You may also contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
View original content with multimedia:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-notifies-investors-of-class-action-against-clubcorp-holdings-inc-mycc-300505870.html
SOURCE Bronstein, Gewirtz & Grossman, LLC