NEW YORK, Oct. 29, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Central European Media Enterprises Ltd. ("CETV" or the "Company") (CETV) in connection with the proposed acquisition of the Company by an affiliate of PPF Group N.V. Under the terms of the acquisition agreement, CETV shareholders will receive $4.58 in cash for each CETV share they own.
If you own CETV shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether CETV's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, CETV shares recently traded for $5.03, or $0.45 above the per-share offer price. Additionally, the Company recently announced positive financial results for the third quarter of 2019. It reported operating income increased 39% at actual rates when compared to the figures reported in the same period in the prior year.
Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
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