BALA CYNWYD, Pa., Sept. 10, 2013 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of MTR Gaming Group, Inc. ("MTR" or the "Company") (Nasdaq: MNTG) relating to the proposed acquisition by Eldorado Resorts, LLC. ("Eldorado").
Click here to learn more about the investigation http://brodsky-smith.com/637-mntg-mtr-gaming-group-inc.html, or call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, MTR shareholders may elect to receive either $5.15 in cash or shares in the new company valued at $5.15 per share for each share of MTR stock they own. MTR shareholders may elect to receive $5.15 per share for up to 5.8 million shares. Eldorado will be issued 35.6 million shares, or approximately 55 percent of the total shares, in the new company.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of MTR for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company as MTR stock traded at $5.56 per share on June 8, 2012 and an analyst have set a price target of $7.00 per share for MTR stock.
If you own shares of MTR common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, by visiting http://brodsky-smith.com/637-mntg-mtr-gaming-group-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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