INVESTOR ALERT: The Law Office of Jack Stuart Beige & Associates, P.C. Announces Investigation of CEC ENTERTAINMENT, INC. Buy...
January 29 2014 - 12:31PM
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.
Law Office of Jack Stuart Beige & Associates, P.C.Joseph R.
Beige, 631-231-7725Fax: 631-231-7726joe@beigelaw.com
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