Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of Outdoor Channel Holdings, Inc. (OUTD)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Outdoor Channel Holdings, Inc. (“Outdoor Channel” or the “Company”) (NASDAQ: OUTD) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to InterMedia Outdoor Holdings, LLC in a cash-and-stock deal valued at approximately $148.8 million. The merger will create InterMedia Outdoor Holdings, Inc. (“IMOH”), a privately held company. Under the terms of the proposed transaction, Outdoor Channel’s stockholders will be entitled to receive either $8 in cash or one share of stock of IMOH for each share of Outdoor Channel’s common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $9 for Outdoor Channel.
The investigation focuses on whether Outdoor Channel’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Outdoor Channel’s shareholders.
If you own common stock in Outdoor Channel and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Please tell us about yourself by completing the form below and we will provide you with additional
information at no cost to you on how to join the Class Action.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
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