NEW YORK, July 25, 2016 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities and shareholder rights law
firm, announces that it is investigating the potential sale of
Outerwall Inc. (NASDAQ: OUTR) ("Outerwall" or the "Company") on
behalf of its shareholders. Outerwall announced that it has
entered into a definitive agreement to be acquired by Apollo Global
Management LLC for $52 per
share.
Our investigation has determined that the offer price of only
$52 per share, unfairly under-values
the true going forward inherent value of Outerwall and that
shareholders may not be receiving the maximum value for their
shares. Indeed, among other things, analysts have projected the
stock is worth at least $58 per
share, and the stock hit a high of $82.87 per share within the past year. The
investigation further seeks to determine whether Outerwall senior
management is entering into this deal for its own self-interests to
the detriment of the Company's shareholders.
If you are a shareholder of Outerwall and would like additional
information as to how the proposed acquisition may affect your
rights as a shareholder, and how you may be eligible to obtain a
higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and has
assisted in the recovery of billions of dollars for shareholders in
securities actions around the globe.
Attorney advertising. Prior results do not indicate a
similar outcome.
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SOURCE Tripp Levy PLLC