FinancialContent is the trusted provider of stock market information to the media industry.
Law Office of Brodsky & Smith, LLC Announces Investigation of Dreams, Inc.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Dreams, Inc. (“Dreams” or the “Company”) (NYSE Amex: DRJ) relating to the proposed acquisition by Fanatics, Inc. (“Fanatics”).
Under the terms of the transaction, Dreams shareholders would receive only $3.45 in cash for each share of Dreams stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Dreams for not acting in the Company’s shareholders' best interests in connection with the sale process to Fanatics. The transaction may undervalue Dreams as the transaction would pay Dreams shareholders only a slight premium above the $3.00 per share Dreams stock traded on March 26, 2012. In addition, an analyst has set a price target on Dreams stock at $5.00 per share.
If you own shares of Dreams 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 email@example.com, visiting http://brodsky-smith.com/409-drj-dreams-inc.html, or by calling toll free 877-LEGAL-90.
Jason L. Brodsky, Esquire
Evan J. Smith, Esquire
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here