|[November 16, 2012]
Pomerantz Law Firm Investigates Claims on Behalf of Investors of Outdoor Channel Holdings, Inc.
NEW YORK --(Business Wire)--
Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims
on behalf of investors of Outdoor Channel Holdings, Inc. ("Outdoor
Channel" or the "Company") (NASDAQ: OUTD) (ISIN: US6900272062)
concerning the proposed acquisition of Outdoor Channel by InterMedia
Outdoor Holdings, Inc.
The investigation concerns whether the Outdoor Channel directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of the
agreement, Outdoor Channel shareholders will be entitled to
receive for each share, subject to proration, either $8 in cash or one
share of stock in InteMedia Outdoor Holdings. However, analysts have
targeted the Company above $8.00 per share.
Outdoor Channel shareholders seeking more information about this
acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org
or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago and San Diego, is
acknowledged as one of the premier firms in the areas of corporate,
securities, and antitrust class litigation. Founded by the late Abraham
L. Pomerantz, known as the dean of the class action bar, the Pomerantz
Firm pioneered the field of securities class actions. Today, more than
75 years later, the Pomerantz Firm continues in the tradition he
established, fighting for the rights of the victims of securities fraud,
breaches of fiduciary duty, and corporate misconduct. The Firm has
recovered numerous multimillion-dollar damages awards on behalf of
defrauded investors. See www.pomerantzlaw.com.
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