INVESTOR ALERT - CEC ENTERTAINMENT: The Law Offices of Vincent Wong Investigates the Sale of CEC ENTERTAINMENT, INC. to Apollo Global Management, LLC -- CEC - WCAX.COM Local Vermont News, Weather and Sports-
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SOURCE The Law Offices of Vincent Wong
NEW YORK, Feb. 5, 2014 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of CEC Entertainment, Inc. (NYSE: CEC) ("CEC Entertainment") in connection with the sale of the Company to an affiliate of Apollo Global Management, LLC. (NYSE: APO).
Under the terms of the transaction, CEC Entertainment shareholders will receive $54.00 for each share of CEC Entertainment for each share of CEC Entertainment stock they own. The Board of CEC has also adopted a Shareholder Rights Plan pursuant to which shareholders may buy one ten-thousandth of a share of junior participating preferred stock at a purchase price of $54.00 per Right if a person or group acquires 10% or more of the Company's common stock. The investigation concerns whether the CEC Entertainment Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the Company to obtain the best possible value for CEC Entertainment shareholders.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Vincent Wong, Esq. 39 East Broadway Suite 304 New York, NY 10002 Tel. 212.425.1140 Fax. 866.699.3880 E-Mail: firstname.lastname@example.org