BALA CYNWYD, Pa., April 16, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Dreams, Inc.
("Dreams" or the "Company") (NYSE Amex: DRJ) relating to the
proposed acquisition by Fanatics, Inc. ("Fanatics").
Under the terms of the transaction, Dreams shareholders would
receive only $3.45 in cash for each
share of Dreams stock they own. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Dreams for not acting in the Company's
shareholders' best interests in connection with the sale process to
Fanatics. The transaction may undervalue Dreams as the transaction
would pay Dreams shareholders only a slight premium above the
$3.00 per share Dreams stock traded
on March 26, 2012. In addition, an
analyst has set a price target on Dreams stock at $5.00 per share.
If you own shares of Dreams 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/409-drj-dreams-inc.html, or by calling
toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC