Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Outerwall Inc. (“Outerwall” or the “Company”) (NASDAQ:OUTR) for potential breaches of fiduciary duties in connection with the sale of the Company to Apollo Global Management, LLC for approximately $1.6 billion.
The Company’s stockholders will only receive $52.00 in cash for each share of Company common stock they own. However, this consideration is below at least one analyst’s price target of $58.00 per share and Outerwall’s 52-week high of $82.87 per share.
If you own common stock in Outerwall and wish to obtain additional information and protect your investments free of charge, please contact Nadeem Faruqi, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330. You may also contact Juan E. Monteverde, Esq. either via email at email@example.com or by telephone at (212) 971-1341.