Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Mediacom Communications Corp. in Connecti...
16 Novembre 2010 - 1:39AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Mediacom Communications Corporation (“Mediacom” or the “Company”)
(NASDAQ:MCCC) related to the Company’s agreement to be acquired by
the Company’s founder, Rocco B. Commisso, Mediacom’s Chairman and
Chief Executive Officer (“Commisso”).
Under the definitive merger agreement entered into by the
parties, Commisso will acquire all publicly held shares of Mediacom
common stock for $8.75 per share in cash. Commisso owns
approximately 40% of the Company’s common stock. The transaction is
expected to be completed in the first half of 2011. The
investigation concerns possible breaches of fiduciary duty and
other violations of law related to consideration of the proposal by
Mediacom’s board of directors.
If you own shares of Mediacom, 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 Howard G. Smith, Esquire, of Law Offices of Howard G.
Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020
by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
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