SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Martha Stewart Living Omnimedia, Inc. -MSO
BALA CYNWYD, Pa., June 23, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Martha Stewart Living Omnimedia, Inc. ("Martha Stewart" or "the Company") (NYSE -MSO-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sequential Brands Group, Inc. ("Sequential Brands").
Click here to learn more about the investigation http://brodsky-smith.com/957-mso-martha-stewart.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Martha Stewart shareholders will receive either cash or stock consideration equivalent equal to $6.15 for each Martha Stewart share they own. The investigation concerns whether the Board of Martha Stewart breached their fiduciary duties to shareholders and whether Sequential Brands is underpaying for Martha Stewart. The transaction may undervalue Martha Stewart and will result in a loss or no real gain for many Martha Stewart shareholders. For example, Martha Stewart stock traded at $6.69 per share as recently as April 2, 2015 and an analyst has set a $7.18 per share price target for Martha Stewart stock.
If you own shares of Martha Stewart 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/957-mso-martha-stewart.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.
SOURCE Brodsky & Smith, LLC
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