SMITHTOWN, N.Y. -- (Business Wire)
The Law Office of Jack Stuart Beige & Associates, P.C. announces that it
is investigating the Board of Directors of CEC Entertainment, Inc.
(“CEC”) (NYSE: CEC)
for possible breaches of fiduciary duties and other violations of law in
connection with CEC’s agreement to be acquired by Apollo Global
Management (“Apollo”).
Under the terms of the proposal, public stockholders of CEC would
receive $54.00 per share in cash for each share of CEC they own in a
transaction valued at approximately $1.3 billion.
The investigation concerns whether CEC’s Board of Directors breached its
fiduciary duties to stockholders, whether the proposed consideration to
be paid to CEC’s stockholders would be fair and adequate, and whether
CEC is acting in its stockholders’ best interests. A lawsuit was
recently filed in Kansas state court in connection with the proposal.
If you own CEC common stock, purchased your shares prior to January 16,
2014, and wish to obtain additional information, please contact Joseph
R. Beige, Esquire either via email at joe@beigelaw.com
or by telephone at (631) 231-7725.
Joseph R. Beige, Esquire has been an attorney for over 17 years and
prosecutes securities class actions, derivative actions, shareholder
rights actions, and corporate governance actions on behalf of
stockholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
Contacts:
Law Office of Jack Stuart Beige & Associates, P.C.
Joseph R.
Beige, 631-231-7725
Fax: 631-231-7726
joe@beigelaw.com
Source: Law Office of Jack Stuart Beige & Associates, P.C.
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