WAYNE, Pa.--(BUSINESS WIRE)--Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/outd) is investigating potential claims against the board of directors of Outdoor Channel Holdings, Inc. (“Outdoor Channel” or the “Company”) (NASDAQ: OUTD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to InterMedia Outdoor Holdings, LLC in a cash-and-stock deal valued at approximately $148.8 million.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Outdoor Holdings. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at firstname.lastname@example.org or visit: www.rmclasslaw.com/cases/outd
The merger will create InterMedia Outdoor Holdings, Inc. (“IMOH”), a privately held company. Under the terms of the proposed transaction, Outdoor Channel’s stockholders will be entitled to receive either $8 in cash or one share of stock of IMOH for each share of Outdoor Channel’s common stock they own.
If you own shares of Outdoor Holdings and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/outd. You may also email Mr. Maniskas at email@example.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.