Harwood Feffer LLP Announces Investigation of Fisher Communications, Inc.
NEW YORK, April 11, 2013
NEW YORK, April 11, 2013 /PRNewswire/ --Harwood Feffer LLP (www.hfesq.com) is
investigating potential claims against the board of directors of Fisher
Communications, Inc. ("Fisher" or the "Company") (NASDAQ: FSCI) concerning the
proposed acquisition of the Company by Sinclair Broadcast Group, Inc.
("Sinclair") (NASDAQ: SBGI) in a transaction valued at approximately $373
On April 11, 2013, Fisher announced that it had entered into a definitive
agreement pursuant to which the Company will be acquired by Sinclair. Under
the terms of the agreement, Sinclair will pay $41.00 per share of Fisher
common stock. This represents only a 5% premium to Fisher's stock price prior
to the announcement.
Our investigation concerns whether the board of directors is fulfilling its
fiduciary duties, maximizing the value of Fisher stock, disclosing all
material benefits and costs and obtaining full and fair consideration for
Fisher public shareholders.
If you own Fisher shares and wish to discuss this matter with us, or have any
questions concerning your rights and interests with regard to this matter,
Robert I. Harwood, Esq.
Peter W. Overs, Jr., Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors
for many years, serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising. © 2013 Harwood Feffer LLP. The law firm responsible for
this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not
guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP
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