NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
TO: ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED COMMON STOCK OF SFX ENTERTAINMENT INC. (NASDAQ:SFXE) (“SFX Entertainment” or “the Company”) PRIOR TO FEBRUARY 25, 2015 AND CONTINUE TO HOLD SUCH SHARES.
YOU ARE HEREBY NOTIFIED that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the proposed sale of SFX Entertainment to its Chief Executive Officer and Executive Chairman of the Board of Directors, Robert F.X. Sillerman. Click here to learn more about the investigation: http://zlk.9nl.com/sfx-entertainment-sfxe. There is no cost or obligation to you.
Under the terms of the proposed transaction, SFX Entertainment shareholders would receive $4.75 in cash for each SFX Entertainment common share they own. The investigation concerns whether the offer undervalues SFX Entertainment, and whether Sillerman is taking advantage of his position as CEO to purchase the Company at an unfair price. Sillerman currently owns approximately 40% of SFX Entertainment’s outstanding common stock.
If you own SFX common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/sfx-entertainment-sfxe.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut 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 and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.