NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces that it is investigating the Board of Directors of Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) for possible breaches of fiduciary duty and other violations of law by failing to adequately shop Martha Stewart Living to maximize shareholder value before agreeing to be acquired by Sequential Brands Group, Inc. (NASDAQ: SQBG)
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Under the terms of the proposed transaction, shareholders will receive $6.15 in cash and stock for each share of Martha Stewart Living common stock they own. The proposed transaction is valued at approximately $353 million. The investigation relates to whether the proposal is fair to the public shareholders of Martha Stewart Living and whether Martha Stewart Living’s Board breached its fiduciary duties in connection with the proposed sale.
If you currently own shares of Martha Stewart Living and wish to obtain additional information, please visit the firm’s website at http://rosenlegal.com/cases-645.html. You may also contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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