MULTIMEDIA GAMES INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Multimedia Games Holding Company, Inc. (MGAM) Over the Proposed Sale of the Company to Global Cash Access Holdings, Inc. (GCA)
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Multimedia Games Holding Company, Inc. (“Multimedia Games” or the “Company”) (Nasdaq: MGAM) for potential breaches of fiduciary duties in connection with the sale of the Company to Global Cash Access Holdings, Inc. (“Global Cash Access”) for approximately $1.2 billion in cash. The Company’s stockholders will receive $36.50 for each share of Multimedia Games common stock they own. Analysts from both Yahoo Finance and the Wall Street Journal have offered price targets higher than the deal’s. Moreover, Multimedia Games has had a 52-week high of $39.12.
The investigation focuses on whether Multimedia Games’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Multimedia Games’ shareholders.
If you own common stock in Multimedia Games and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org 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.
* The submission of this form does not create an attorney-client relationship.
Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.