NEW YORK, Oct. 29, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Central European Media
Enterprises Ltd. ("CETV" or the "Company") (NASDAQ: CETV) in
connection with the proposed acquisition of the Company by an
affiliate of PPF Group N.V. Under the terms of the acquisition
agreement, CETV shareholders will receive $4.58 in cash for each CETV share they own.
If you own CETV shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/central-european-media-enterprises-ltd/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether CETV's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, CETV shares recently traded for
$5.03, or $0.45 above the per-share offer
price. Additionally, the Company recently announced positive
financial results for the third quarter of 2019. It reported
operating income increased 39% at actual rates when compared to the
figures reported in the same period in the prior year.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
