|[April 17, 2012]
Faruqi & Faruqi, LLP Announces Investigation of SRS Labs, Inc.
NEW YORK --(Business Wire)--
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of SRS Labs (News - Alert),
Inc. ("SRS Labs" or the "Company") (NASDAQ: SRSL), a leader in audio
processing and enhancement technologies, for potential breaches of
fiduciary duties in connection with their conduct related to the sale of
the Company to DTS (News - Alert), Inc. ("DTS") (NASDAQ: DTSI), a leader in
high-definition audio, in a cash-and-stock transaction valued at about
$148 million in aggregate equity value, including acquired net cash of
approximately $38 million as of December 31, 2011. Under the terms of
the proposed transaction, SRS Labs shareholders may elect to receive
either $9.50 per share in cash or a fixed ratio of 0.31127 shares of DTS
common stock for every share of SRS Labs common stock they own,
representing approximately $9.26 based on Monday's close, while
according to Yahoo! Finance, at least one financial analyst has set a
price target of $10.00 for SRS Labs.
Request more information now by clicking here: www.faruqilaw.com/SRSL.
There is no cost or obligation to you.
Whether SRS Labs' Board of Directors breached their fiduciary duties to
the Company's stockholders by failing to conduct an adequate and fair
sales process prior to agreeing to this proposed transaction, whether
the proposed transaction undervalues SRS Labs' shares and by how much
this proposed transaction undervalues the Company to the detriment of
SRS Labs' shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm's clients.
If you own common stock in SRS Labs and wish to obtain additional
information and protect your investment free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
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