SFX Entertainment, Inc.: The plaintiff alleges that the defendants breached their fiduciary duties owed to SFXE stockholders by agreeing to sell SFX Entertainment Inc too cheaply via an unfair process, according to Market Watch. On February 25, 2015, SFX Entertainment Inc confirmed that it received a proposal from Robert F.X. Sillerman to negotiate with the Company a transaction whereby Robert F.X. Sillerman would acquire all of the outstanding shares of SFX Entertainment Inc that he does not already own at a price of $4.75 per share in cash. Investors, who purchased shares of SFX Entertainment Inc SFXE, +0.00% prior to February 25, 2015, and currently hold any of those SFXE shares, have certain options and should contact the Shareholders Foundation, Inc. at or call +1 779 - 1554. Then on May 26, 2015, SFX Entertainment, Inc. announced it has signed a merger agreement whereby an affiliate of Robert F.X. Sillerman will acquire all the outstanding common stock of SFX Entertainment, Inc. that he does not already own. Sillerman owns approximately 37.4 percent of the outstanding common stock of SFX Entertainment. Mr.
(news.financializer.com). As
reported in the news.
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