Law Office of Brodsky & Smith, LLC Announces Investigation of
Outdoor Channel Holdings, Inc.
BALA CYNWYD, Pa., Nov. 19, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Outdoor Channel
Holdings, Inc. ("Outdoor Channel" or the "Company") (Nasdaq: OUTD)
relating to the proposed acquisition by InterMedia Outdoor
Holdings, Inc ("InterMedia").
Under the terms of the transaction, Outdoor Channel shareholders
will receive only $8.00 in cash or
one share of stock in InterMedia, a privately held company, for
each share of Outdoor Channel stock they own. The investigation
concerns possible breaches of fiduciary duty and other violations
of state law by the Board of Directors of Outdoor Channel for not
acting in the Company's shareholders' best interests in connection
with the sale process to Parthenon. The transaction may undervalue
the Company and will not result in a substantial gain and may even
cause a loss for many Outdoor Channel shareholders. For example
Outdoor Channel stock traded at $8.45
on February 10, 2011 and $7.85 as recently as March
23, 2012. In addition, an analyst has placed a $9.00 per share price target on Outdoor Channel
stock.
If you own shares of Outdoor Channel stock and wish to discuss
the legal ramifications of the proposed transaction, 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 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/508-outd-outdoor-channel-holdings-inc.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC