NEW YORK, Oct. 30, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Central European Media Enterprises Ltd. (“CME” or the “Company”) (CETV) stock prior to October 27, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of CME to an affiliate of PPF Group N.V. (“PPF Group”). Under the terms of the deal, holders of all of CME’s issued and outstanding Class A common shares will receive $4.58 per share. To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500. There is no cost or obligation to you.
The CME merger investigation concerns whether the Board of CME breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether PPF Group is underpaying for CME shares, thus unlawfully harming CME shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. 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 E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171