WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of PokerTek, Inc. (NASDAQ CM: PTEK)?
- Did you purchase any of your shares prior to April 30, 2014?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of PokerTek, Inc. (“PokerTek” or the “Company”) (NASDAQ CM: PTEK) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Multimedia Games, Inc., a subsidiary of Multimedia Games Holding Company, Inc. (“Multimedia Games”) (NASDAQ GS: MGAM), in a transaction valued at approximately $12.6 million.
Click here to learn more: http://www.rigrodskylong.com/investigations/pokertek-inc-ptek.
Under the terms of the agreement, public shareholders of PokerTek will receive $1.35 per share in cash for each share of PokerTek they own.
The investigation concerns whether PokerTek’s board of directors failed to adequately shop the Company and obtain the best possible value for PokerTek’s shareholders before entering into an agreement with Multimedia Games.
If you own the common stock of PowerTek and purchased your shares before April 30, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org; or at: http://www.rigrodskylong.com/investigations/pokertek-inc-ptek.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation, and corporate governance litigation on behalf of shareholders in state and federal courts throughout the United States.
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