Wolf Popper LLP Investigates Claims that the Proposed Acquisition of Martha Stewart Living Omnimedia, Inc. May Not Be in the Best Interests of Its Public Shareholders
Jun 22, 2015, 12:24 ET
NEW YORK, June 22, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Martha Stewart Living Omnimedia, Inc. ("Martha Stewart Living") (NYSE: MSO), concerning the proposed acquisition of Martha Stewart Living by Sequential Brands Group, Inc. Martha Stewart Living shareholders seeking more information about this proposed transaction can contact Carl Stine at (212) 759-4600 or [email protected].
Under the terms of the merger agreement, Martha Stewart Living shareholders will receive $6.15 per share in cash and stock, which is below the median Street target price of $6.56 per share. Martha Stewart, the controlling shareholder of Martha Stewart Living, is receiving significant benefits from the proposed transaction that will not be available to the public shareholders. Accordingly, the investigation concerns whether the board of directors and Martha Stewart as controlling shareholder of Martha Stewart Living breached their fiduciary duties by agreeing to a price that unfairly undervalues Martha Stewart Living.
Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.
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SOURCE Wolf Popper LLP
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