BALA CYNWYD, Pa., July 5, 2016 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Starz ("Starz"
or "the Company") (Nasdaq- STRZA or STRZB-News) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Lions Gate Entertainment
Corp. ("LGF").
Click here to learn more about the investigation
http://brodsky-smith.com/1096-strza-and-strzb-starz.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, STRZA shareholders will
receive only $18.00 in cash and
0.6784 of a share of LGF for each share of STRZA stock they own.
The transaction values STRZA at only proximately $32.21 per share. STRZB shareholders will receive
only $7.60 in cash and 0.63 of a
share of LGF for each share of STRZB stock they own. The
transaction values STRZB at only approximately $33.73. The investigation concerns whether the
Board of Starz breached their fiduciary duties to shareholders and
whether LGF is underpaying for the Company. The transaction may
undervalue the Company and would result in a substantial loss for
many long-term Starz shareholders. For example, STRZA stock traded
at $46.48 per share on July 16, 2015 and an analyst has set a price
target for STRZA stock at $35.38 per
share. In addition, STRZB traded at $44.86 on July 21,
2015.
If you own shares of Starz stock and wish to discuss the legal
ramifications of the investigation, 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
510, Bala Cynwyd, PA 19004,
by visiting
http://brodsky-smith.com/1096-strza-and-strzb-starz.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and class action lawsuits. The attorneys at Brodsky
& Smith have been appointed by numerous courts throughout the
country to serve as lead counsel in class actions and have
successfully recovered millions of dollars for our clients and
shareholders. Attorney advertising. Prior results do not guarantee
a similar outcome.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brodsky--smith-llc-announces-an-investigation-of-the-board-of-directors-of-starz--strza-strzb-300294230.html
SOURCE Brodsky & Smith, LLC