An investigation on behalf of investors in National CineMedia, Inc. (NASDAQ:NCMI) shares over potential wrongdoing at National CineMedia, Inc. was announced and NASDAQ:NCMI stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/23/2015 -- An investigation on behalf of investors in shares of National CineMedia, Inc. (NASDAQ:NCMI) shares was announced over potential breaches of fiduciary duties by certain officers and directors at National CineMedia.
Investors who purchased shares of National CineMedia, Inc. (NASDAQ:NCMI) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain National CineMedia officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
On May 5, 2014, National CineMedia, Inc. announced that it has entered into a merger agreement with Screenvision, for $375 million of cash and stock on a debt free, cash free basis.
On November 3, 2014, the U.S. Department of Justice Office of Public Affairs announced that it had filed an antitrust enforcement action seeking to block the Company's acquisition of Screenvision.
Shares of National CineMedia, Inc declined to $11.70 per share on November 3, 2014
Then on March 16, 2015, National CineMedia, Inc announced that it has agreed with SV Holdco, LLC and Screenvision, LLC to terminate the Merger Agreement signed May 5, 2014, that would have combined NCM and Screenvision. National CineMedia, Inc said that it and Screenvision together determined that the ongoing cost and distraction of the November 2014 Department of Justice lawsuit to their employees, advertisers and exhibitor partners could no longer be justified and that both companies would be better served pursuing their independent businesses as standalone companies. Shares of National CineMedia, Inc. (NASDAQ:NCMI) declined on March 17, 2015 to as low as $14.28 per share.
Those who purchased shares of National CineMedia, Inc. (NASDAQ:NCMI) have certain options and should contact the Shareholders Foundation.
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