CEC ENTERTAINMENT ALERT: LEVI & KORSINSKY, LLP Notifies Investors of CEC ENTERTAINMENT, INC. of Class Action Against the Boar...
January 30 2014 - 1:33PM
Marketwired
CEC ENTERTAINMENT ALERT: LEVI & KORSINSKY, LLP Notifies
Investors of CEC ENTERTAINMENT, INC. of Class Action Against the
Board of Directors in Connection With the Sale of the Company to
Apollo Global Management, LLC -- CEC
NEW YORK, NY--(Marketwired - Jan 30, 2014) - Levi &
Korsinsky notifies investors of CEC Entertainment, Inc. ("CEC" or
"the Company") (NYSE: CEC) of claims of breaches of fiduciary duty
and other violations of state law against the board of directors of
the Company in connection with the sale of the Company to an
affiliate of Apollo Global Management, LLC (NYSE: APO). A complaint
was filed in Kansas state court.
Click here to learn more about the action
http://zlk.9nl.com/cec-entertainment-cec, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, CEC shareholders will
receive $54.00 for each share of CEC stock they own. The
transaction has a total approximate value of $1.3 billion,
including the assumption of debt. The Board of CEC has also adopted
a Shareholder Rights Plan pursuant to which shareholders may buy
one ten-thousandth of a share of junior participating preferred
stock at a purchase price of $54.00 per Right if a person or group
acquires 10% or more of the Company's common stock. The claims
concern whether the CEC Board breached their fiduciary duties to
stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Apollo Global
Management, LLC is underpaying for CEC shares.
If you own CEC common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/cec-entertainment-cec.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm's 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky,
Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212)
363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510
www.zlk.com
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