BALA CYNWYD, Pa., Dec. 24, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Caesars Acquisition Company ("CACQ" or the "Company") (Nasdaq: CACQ) relating to the acquisition by Caesars Entertainment Corporation (CZR).
Click here to learn more about the investigation http://brodsky-smith.com/871-cacq-caesars-acquisition-company.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, CACQ shareholders will receive only 0.664 shares of Caesars Entertainment common stock for each share of CACQ stock they own, representing a value of approximately $8.96 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Caesars Acquisition Company for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue CACQ and will result in a loss for many CACQ shareholders. CACQ stock traded at $16.38 per share on March 14, 2014 and an analyst has set a $15.00 per share price target on CACQ.
If you own shares of CACQ common 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 510, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/871-cacq-caesars-acquisition-company.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 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