NEW YORK--(BUSINESS WIRE)--The law firm of Wohl & Fruchter LLP is investigating the non-binding proposal (“Proposal”) announced today by Robert F.X. Sillerman, Chief Executive Officer and Executive Chairman of the Board of Directors of SFX Entertainment Inc. (NASDAQ:SFXE) (“SFX”), to acquire all of the outstanding shares of SFX not already owned by him for $4.75 per share in cash.
Mr. Sillerman currently owns approximately 40% of the common stock of SFX.
Institutional shareholders of SFX have characterized Sillerman’s offer as a “low-ball bid” and an “insult to investors.”
Wohl & Fruchter’s investigation concerns the fairness of the Proposal, and the adequacy of the procedures adopted by SFX to respond to the Proposal.
Persons with relevant information, and SFX shareholders with questions about this investigation, are invited to contact the attorney below, or our Firm by calling 866.833.6245.
Additional information is available on our website at: http://www.wohlfruchter.com/cases/sfxe.
About Wohl & Fruchter
Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.
This release may be deemed to constitute attorney advertising.