Finkelstein Thompson LLP Announces Investigation of New Frontier Media, Inc.
16 Octobre 2012 - 8:23PM
Business Wire
The law firm of Finkelstein Thompson LLP is investigating claims
on behalf of shareholders of New Frontier Media, Inc. (“New
Frontier” or the “Company”) (Nasdaq: NOOF), concerning the proposed
acquisition of the Company by LFP Broadcasting, LLC. The current
value of the per-share consideration is approximately $2.02 per
share in cash plus a contingent cash payment not to exceed $0.06
per common share if New Frontier's available cash balance at the
closing of the tender offer, less unpaid transaction expenses,
exceeds $11,514,000. The total value of the transaction is
approximately $32.7 million. At least one analyst has set a target
price of $4.00 for the Company’s shares.
The investigation is focused on the potential unfairness of the
consideration to New Frontier shareholders, the process by which
the Company’s Board of Directors considered the transaction, and
potential conflicts of interest among New Frontier Board
members.
If you are interested in discussing your rights as a New
Frontier shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson’s Washington
D.C. offices at (202)-337-8000 or by email at
contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
website at www.finkelsteinthompson.com. Attorney advertising. Prior
results do not guarantee similar outcomes.
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