Wolf Popper LLP Investigates Claims that the Proposed Going Private Transaction of SFX Entertainment Inc. May Not Be In the Best Interests of Its Investors

May 26, 2015, 15:45 ET from Wolf Popper LLP

NEW YORK, May 26, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in SFX Entertainment Inc. ("SFX") (NASDAQ: SFXE), concerning the proposed going private transaction of SFX by Robert F.X. Sillerman, the Company's Chief Executive Officer and Executive Chairman of the Board of Directors.  SFX shareholders seeking more information about this proposed transaction can contact Carl Stine at (212) 759-4600 or cstine@wolfpopper.com.

Under the terms of the proposed transaction, SFX's shareholders will receive $5.25 per share in cash for each SFX share they own, in a transaction valued at approximately $774 million.  However, the offer price is significantly below SFX's 52-week high of $8.49 per share and the median analyst price target of $6.00 per share.  Accordingly, the investigation concerns whether the Board of Directors of SFX breached its fiduciary duties to the Company's public shareholders by agreeing to the offer price and whether that price unfairly undervalues SFX. 

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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Wolf Popper LLP 845 Third Avenue New York, New York 10022 Telephone: 212-759-4600

Toll Free Tel: 877-370-7703 Toll Free Fax: 877-370-7704 Email: cstine@wolfpopper.com

 

SOURCE Wolf Popper LLP



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