An investigation for investors in NASDAQ:CRWN shares was announced concerning whether the takeover of Crown Media Holdings, Inc by Hallmark Cards, Inc for $5.05 per share is unfair to NASDAQ:CRWN stockholders.
Investors who purchased shares of Crown Media Holdings, Inc (NASDAQ:CRWN) and currently hold any of those NASDAQ:CRWN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain officers and directors of Crown Media Holdings, Inc (NASDAQ:CRWN breached their fiduciary duties owed to Crown Media Holdings, Inc (NASDAQ:CRWN investors in connection with the proposed acquisition.
On March 9, 2016, Donald J. Hall Jr., chief executive officer of Hallmark Cards, Inc., today announced that Hallmark intends to acquire all of Crown Media Holdings, Inc.’s (CRWN) outstanding common stock signaling the company’s intent to take Crown Media private. Under the terms of the proposed transaction, Crown Media shareholders will be entitled to receive $5.05 in cash for each share of Crown Media common stock.
Howwever, given that the Hallmark Cards, Inc.is the majority shareholder of Crown Media Holdings, Inc (NASDAQ:CRWN), the investigation concerns whether the offer is unfair to NASDAQ:CRWN stockholders. More specifically, the investigation concerns whether the Crown Media HoldingsBoard of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On March 18, 2016, NASDAQ:CRWN shares closed at $5.12 per share.
Those who are current investors in NASDAQ:CRWN shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com