Key Developments: Fisher Communications Inc (FSCI.O)
41.36USD
17 May 2013
$-0.03 (-0.07%)
$41.39
$41.45
$41.52
$41.30
65,736
67,760
$41.82
$22.76
Latest Key Developments (Source: Significant Developments)
Faruqi & Faruqi, LLP Seeking More Cash For Shareholders Of Fisher Communications Inc
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a national securities firm headquartered in New York City, is investigating the Board of Directors of Fisher Communications, Inc. for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Sinclair Broadcast Group, Inc. in an all-cash deal valued at approximately $373.3 million. Under the terms of the proposed transaction, Fisher's stockholders will receive $41 in cash for each share of Fisher common stock they own. The investigation focuses on whether Fisher's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Fisher's shareholders. Full Article
Law Office Of Brodsky & Smith, LLC Announces Investigation Of Fisher Communications Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Fisher Communications, Inc. relating to the proposed acquisition by Sinclair Broadcast Group, Inc. (Sinclair). Under the terms of the transaction, Fisher shareholders will receive only $41.00 in cash for each share of Fisher stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Fisher for not acting in the Company's shareholders' interests in connection with the sale process. The focus of the investigation is whether the Fisher Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. Full Article
Former Attorney General of Louisiana and Kahn Swick & Foti, LLC Investigate Fisher Communications Inc Following Announcement of Proposed Sale of Company to Sinclair Broadcast Group, Inc.
Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC announced that KSF has commenced an investigation into the Board of Directors of Fisher Communications Inc in connection with their conduct related to the sale of the Company to Sinclair Broadcast Group, Inc. Under the terms of the proposed transaction, Fisher shareholders will receive $41.00 in cash for each share of Fisher common stock that they own. KSF’s investigation is focusing on whether Fisher and/or its officers and directors secured sufficient value for the shareholders of the Company and/or violated state or federal securities laws. Full Article
Law Firm Kirby McInerney LLP Investigating Potential Claims on Behalf of Fisher Communications Inc Shareholders
Kirby McInerney LLP announced that it is investigating potential claims against the Board of Directors of Fisher Communications Inc (Fisher or the Company) related to the proposed acquisition of the Company by Sinclair Broadcast Group, Inc. (Sinclair). Under the terms of the agreement, Sinclair will acquire all of the outstanding common stock of Fisher for $41.00 per share in cash, for a total transaction value of approximately $373.3 million. The investigation concerns whether the Fisher Board of Directors violated its fiduciary duties by agreeing to this transaction and whether the proposed $41.00 per share consideration adequately values Fisher common shares. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Fisher Communications Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Fisher Communications Inc relating to the proposed acquisition by Sinclair Broadcast Group, Inc. (Sinclair). Under the terms of the transaction, Fisher shareholders will receive only $41.00 in cash for each share of Fisher stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Fisher for not acting in the Company’s shareholders' best interests in connection with the sale process. The focus of the investigation is whether the Fisher Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. Full Article
Rigrodsky & Long, P.A. Announces Investigation Of Fisher Communications Inc Buyout
Rigrodsky & Long, P.A. announced that it is investigating potential legal claims against the board of directors of Fisher Communications Inc regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Sinclair Broadcast Group, Inc. in a transaction valued at approximately $373.3 million. Under the terms of the proposal, public shareholders of Fisher will receive $41.00 per share in cash for each share of Fisher they own. The investigation concerns whether Fisher’s board of directors failed to adequately shop the Company and obtain the best possible value for Fisher’s shareholders before entering into an agreement with Sinclair. Full Article
Lifshitz Law Firm Announces Investigation Of Fisher Communications Inc
Lifshitz Law Firm announced an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Fisher Communications Inc to Sinclair Broadcast Group, Inc. in a cash transaction valued at approximately $373.3 million. Under the terms of the agreement, Fisher shareholders will receive $41.00 in cash for each share of Fisher common stock they own. Lifshitz Law Firm's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders. Full Article
Ryan & Maniskas, LLP Announces Investigation of Fisher Communications Inc
Ryan & Maniskas, LLP announced that it is investigating potential claims against the board of directors of Fisher Communications Inc (Fisher or the Company) (NASDAQ: FSCI) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Sinclair Broadcast Group, Inc. in an all-cash deal valued at approximately $373.3 million. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Fisher. Under the terms of the proposed transaction, Fisher's stockholders will receive $41 in cash for each share of Fisher common stock they own. Full Article
Law Firm Brower Piven Announces Investigation of Fisher Communications Inc Proposed Buyout
The securities litigation firm of Brower Piven, A Professional Corporation, announced that it has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Fisher Communications Inc (Fisher or the Company) and other violations of state law by the board of directors of Fisher relating to the proposed buyout of the Company by Sinclair Broadcast Group, Inc. The firm`s investigation seeks to determine, among other things, whether Fisher`s board of directors breached their fiduciary duties by failing to maximize shareholder value. As stated in the press release announcing the proposed buyout, Fisher shareholders will receive $41.00 in cash for each share of Fisher common stock they own. Full Article
Law Office of Brodsky & Smith, LLC Announces Investigation Of Fisher Communications Inc
Law office of Brodsky & Smith, LLC announced that it is investigating potential claims against the Board of Directors of Fisher Communications Inc relating to the proposed acquisition by Sinclair Broadcast Group, Inc. (Sinclair). Under the terms of the transaction, Fisher shareholders will receive only $41.00 in cash for each share of Fisher stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Fisher for not acting in the Company's shareholders' best interests in connection with the sale process to Sinclair. The focus of the investigation is whether the Fisher Board of Directors breached their fiduciary duties by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction. Full Article
Sinclair Broadcast to buy Fisher Communications for $373 million
- Television station operator Sinclair Broadcast Group Inc said it would buy Fisher Communications Inc for about $373 million to expand its operations in the western United States.
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