Faruqi & Faruqi, LLP’s national practice focuses on complex civil litigation. The firm practices in the areas of Securities, Merger & Transactional, Shareholder Derivative, Antitrust, Consumer Class Action, and Wage & Hour litigation.
Thursday, May 28, 2015
Faruqi & Faruqi Investigation: SFX Entertainment Inc.
Faruqi & Faruqi, LLP Announces the Investigation of SFX Entertainment Inc. (SFXE) Over the Proposed Sale of the Company in a Going Private Transaction with the Company CEO
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SFX Entertainment Inc. (“SFX” or the “Company”) (Nasdaq: SFXE) for potential breaches of fiduciary duties in connection with the sale of the Company to Robert F.X. Sillerman, the Company's Chief Executive Officer and Executive Chairman of the Board of Directors for approximately $774 million. The Company’s stockholders will only receive $5.25 per share in cash for each SFX share they own. However, the offer price is significantly below both SFX's 52-week high of $8.49 per share and the median analyst price target of $6.00 per share.
If you own common stock in SFX and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact F&F'sJuan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.