BALA CYNWYD, Pa., July 25, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Outerwall Inc.
("Outerwall" or "the Company") (Nasdaq- OUTR-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Apollo Global
Management, LLC. ("Apollo").
Click here to learn more about the investigation
http://brodsky-smith.com/1106-outr-outerwall-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Outerwall shareholders will
receive only $52.00 in cash for each
share of Outerwall stock they own. The investigation concerns
whether the Board of Outerwall breached their fiduciary
duties to shareholders and whether Apollo is underpaying for the
Company. The transaction may undervalue the Company and would
result in a loss for many long-term Outerwall shareholders. For
example, Outerwall stock traded at $84.45 per share on July 22, 2015 and
traded at $66.02 per share as
recently as November 18, 2015. In
addition, an analyst has set a price target for Outerwall stock
58.00 per share.
If you own shares of Outerwall stock and wish to discuss the
legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 510, Bala
Cynwyd, PA 19004, by visiting
http://brodsky-smith.com/1106-outr-outerwall-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
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SOURCE Brodsky & Smith, LLC