MULTIMEDIA GAMES INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Multimedia Games Holding Company, Inc. (MGAM) Over the Proposed Sale of the Company to Global Cash Access Holdings, Inc. (GCA)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Multimedia Games Holding Company, Inc.
NEW YORK, Sept. 8, 2014 /PRNewswire/ -- Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Multimedia Games Holding Company, Inc. ("Multimedia Games" or the "Company") (Nasdaq: MGAM) for potential breaches of fiduciary duties in connection with the sale of the Company to Global Cash Access Holdings, Inc. ("Global Cash Access") for approximately $1.2 billion in cash. The Company's stockholders will receive $36.50 for each share of Multimedia Games common stock they own. Analysts from both Yahoo Finance and the Wall Street Journal have offered price targets higher than the deal's. Moreover, Multimedia Games has had a 52-week high of $39.12.
Click here for more information: www.faruqilaw.com/MGAM. There is no cost or obligation to you.
The investigation focuses on whether Multimedia Games' Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Multimedia Games' shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Multimedia Games and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/MGAM or contact Juan E. Monteverde, Esq. either via e-mail at [email protected] or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
[email protected]
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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SOURCE Faruqi & Faruqi, LLP
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