BUYOUT OF SHFL ENTERTAINMENT - LAW FIRM SEEKS HIGHER PRICE AND MORE INFORMATION FOR SHAREHOLDERS
July 16, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of SHFL. It was announced that Bally's entered into an agreement to acquire all the outstanding shares of SHFL for $23.25 per share.
The investigation concerns whether the senior management and board of SHFL obtained the maximum value for shareholders by engaging in a full and fair auction for the company while not negotiating personal pay packages and benefits for their own self interests to the detriment of shareholders.
If you would like additional information as to how to participate with other shareholders who are seeking a higher price at no cost or expense please contact us toll free at 1-877-772-3975
not sure if anyone else picked up on this but all the management and directors of SHFL are voting in favor of the deal and they put in a huge penalty fee of around 50 of million that another company must pay if it wants to pay a higher price. That's crazy. Why would they prevent shareholders from getting more money. they obviously did this to protect the sweetheart deal they gave themselves in selling the company
Tripp are ambulance followers - won't win.
If you bought BYO in 2006 at 35, still underwater after buyout.
Lucky, if a bidding war erupts, say IGT offers 25.
Unlikely since BYI shares trading under 23.25 cash offer.
Things might change, but remotely less than 10% odds of higher offer.IMO