Under the terms of the transaction, SHFL shareholders will receive only $23.25 in cash for each share of SHFL stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of SHFL for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as SHFL results continue to be both outstanding and reflect sustained progress. For example, SHFL has reported record revenue and net income for the second.
These record results caused the Company to previously advise that consistent execution of SHFL strategic initiatives was the right blue print for building long-term sustainable value for SHFL shareholders. However, the transaction prevents SHFL shareholders from taking part in the Company's continued growth.
If you own shares of SHFL 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 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/616-shfl-shfl-entertainment-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 case 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.