SHAREHOLDER ALERT: Brower Piven Announces the Investigation of PokerTek, Inc. in Connection with the Proposed Sale of the Com...
01 May 2014 - 3:08AM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty to current shareholders of
PokerTek, Inc. (“PokerTek” or the “Company”) (NasdaqCM: PTEK) and
other violations of state law by the board of directors of PokerTek
relating to the proposed buyout of the Company by Multimedia Games,
Inc., a subsidiary of Multimedia Games Holding Company, Inc.
(“Multimedia Games”).
Under the terms of the transaction, public shareholders of
PokerTek will receive $1.35 per share in cash for each share of
PokerTek they own. The firm’s investigation seeks to determine,
among other things, whether the Company’s board of directors
breached their fiduciary duties by failing to maximize shareholder
value before agreeing to enter into this transaction, and whether
Multimedia Games is underpaying for PokerTek shares.
If you currently own common stock of PokerTek and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, click here:
http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven
either by email at hoffman@browerpiven.com or by telephone at (410)
415-6616. Attorneys at Brower Piven together have more than a
century of experience litigating securities and other class action
cases.
Brower Piven, A Professional CorporationCharles J. Piven,
410-415-66161925 Old Valley RoadStevenson, Maryland
21153hoffman@browerpiven.com
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