Investigation Overview
April 28, 2016 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of Dreamworks Animation Skg Inc (NASDAQ:DWA), was announced concerning whether the takeover of Dreamworks Animation Skg Inc. by NBCUniversal, a division of Comcast Corporation, is unfair to NASDAQ:DWA stockholders.
The investigation by a law firm concerns whether certain officers and directors of Dreamworks Animation Skg Incbreached their fiduciary duties owed to NASDAQ:DWA investors in connection with the proposed acquisition.
On April 28, 2016, NBCUniversal, a division of Comcast Corporation (NASDAQ: CMCSA), announced the acquisition Dreamworks Animation Skg Inc (NASDAQ:DWA). Under the terms of the agreement, Dreamworks Animation Skg Inc stockholders will receive $41 in cash for each share of DreamWorks Animation common stock.
However, the investigation concerns whether the offer is unfair to NASDAQ:DWA stockholders. More specifically, the investigation concerns whether the Dreamworks Animation Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Shares of Dreamworks Animation Skg Inc (NASDAQ:DWA) closed on April 28, 2016 at $39.95 per share.