Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of Directors
ofMultimediaGames Holding Company, Inc.
NEW YORK -- (Business Wire)
Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Multimedia
Games Holding Company, Inc. (“Multimedia Games” or the “Company”)
(Nasdaq:MGAM) for potential breaches of fiduciary duties in connection
with the sale of the Company to Global Cash Access Holdings, Inc.
(“Global Cash Access”) for approximately $1.2 billion in cash. The firm
has filed a complaint against Multimedia Games.
The Company’s stockholders will receive $36.50 for each share of
Multimedia Games common stock they own. Analysts from both Yahoo Finance
and the Wall Street Journal have offered price targets higher than the
deal’s. Moreover, Multimedia Games has had a 52-week high of $39.12.
Click here for more information: www.faruqilaw.com/MGAM.
There is no cost or obligation to you.
The investigation focuses on whether Multimedia Games’ Board of
Directors breached their fiduciary duties to the Company’s stockholders
by failing to conduct a fair sales process and whether and by how much
this proposed transaction undervalues the Company to the detriment of
Multimedia Games’ shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients. To
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If you own common stock in Multimedia Games and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/MGAM
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
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Contacts:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
Source: Faruqi & Faruqi, LLP
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