STEVENSON, Md., June 22, 2015 /PRNewswire/ -- The securities
litigation law firm of Brower Piven, A Professional Corporation,
has commenced an investigation into possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of
Martha Stewart Living Omnimedia, Inc. ("Martha Stewart Living" or the "Company") (NYSE:
MSO) relating to the proposed buyout of the Company by Sequential
Brands Group, Inc.
Under the terms of the transaction, Martha Stewart Living shareholders are
anticipated to receive $6.15 per
share in cash and stock. The transaction may undervalue
Martha Stewart Living and may result
in a substantial loss for many shareholders. For
example, according to Yahoo! Finance, at least one Wall
Street analyst has issued a price target for Martha Stewart Living stock at $7.18 per share.
The firm's investigation seeks to determine, among other things,
whether the Company's Board of Directors failed to satisfy their
duties to shareholders, including whether the Board adequately
pursued alternatives to the acquisition and whether the Board
obtained the best price possible for the Company's shares of common
stock.
If you currently own common stock of Martha Stewart Living and believe that the
proposed buyout price is too low, or you would like to learn more
about the investigation being conducted by Brower Piven, please
visit our website at
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 have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
1925 Old Valley Road
Stevenson, Maryland 21153
Telephone: 410-415-6616
hoffman@browerpiven.com
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/shareholder-alert-brower-piven-commences-an-investigation-into-the-proposed-sale-of-martha-stewart-living-omnimedia-inc-and-encourages-investors-to-contact-the-firm-for-additional-information-300102915.html
SOURCE Brower Piven, A Professional Corporation
