Faruqi & Faruqi, LLP Announces the Investigation of Martha Stewart Living (MSO) Over the Proposed Sale of the Company to Sequential Brands Group Inc
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Martha Stewart Living Omnimedia Inc. (“Martha Stewart Living” or the “Company”) (NYSE: MSO) for potential breaches of fiduciary duties in connection with the sale of the Company to Sequential Brands Group, Inc. for approximately $353 Million. The Company’s stockholders will only receive $6.15 for each share of Martha Stewart Living common stock they own. However, analyst price targets are as high as $7.18, with the mean target on Yahoo! Finance being set at $6.56. Moreover, the Company’s stock has traded as high as $7.11 over the past year.
If you own common stock in Martha Stewart Living and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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