ISLE SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Isle of Capri Casinos, Inc. And Enc...
September 21 2016 - 3:33PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Isle of Capri Casinos, Inc.
(Nasdaq: ISLE) (“Isle of Capri Casinos” or the “Company”) relating
to the proposed buyout of Isle of Capri Casinos by Eldorado
Resorts, Inc.
Under the terms of the agreement, Isle of Capri Casinos
shareholders are anticipated to receive either $23.00 in cash or
1.638 shares of Eldorado common stock for each share of Isle of
Capri Casinos they own. The firm’s investigation seeks to
determine, among other things, whether the Company’s Board of
Directors failed to satisfy their duties to shareholders, including
whether the Board adequately pursued alternatives to the
acquisition and whether the Board obtained the best price possible
for the Company’s shares of common stock.
If you currently own common stock of Isle of Capri Casinos and
believe that the proposed buyout price is too low, or you would
like to learn more about the investigation being conducted by
Brower Piven, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
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version on businesswire.com: http://www.businesswire.com/news/home/20160921006472/en/
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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