CEC Entertainment, Inc. (NYSE:CEC) Investor Alert: Investigation over Takeover at $54 Per Share

An investigation on behalf of investors of CEC Entertainment, Inc. (NYSE:CEC) in connection with the proposed takeover was announced and NYSE:CEC stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 01/27/2014 --An investigation on behalf of investors, who currently hold shares of CEC Entertainment, Inc. (NYSE:CEC) shares, was announced concerning whether the takeover of CEC Entertainment, Inc. by Apollo Global Management, LLC for $54.00 per share is unfair to NYSE:CEC stockholders.

Investors who purchased shares of CEC Entertainment, Inc. (NYSE:CEC) and currently hold any of those NYSE:CEC shares have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of CEC Entertainment, Inc. breached their fiduciary duties owed to NYSE:CEC investors in connection with the proposed acquisition.

On January 16, 2014, an affiliate of Apollo Global Management, LLC (NYSE:APO) and CEC Entertainment, Inc. (NYSE:CEC) announced that they have entered into a merger agreement whereby Apollo Global Management will acquire CEC Entertainment, Inc for $54.00 per NYSE:CEC share or approximately $1.3 billion, including the assumption of the Company’s outstanding debt.

However, given that NYSE:CEC shares jumped after the takeover news in the open market to as high as $55.11 per share on January 21, 2014,, the investigation concerns whether the $54.00-offer is unfair to NYSE:CEC stockholders. More specifically, the investigation concerns whether the CEC Entertainment Board of Directors will undertake an adequate sales process, adequately shop the company before entering into any transaction, maximize shareholder value by negotiating the best price, and act in the shareholders' best interests in connection with the proposed sale.

On Jan. 24, 2014, NYSE:CEC shares closed at $54.16 per share.

Those who are current investors in CEC Entertainment, Inc. (NYSE:CEC) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Joelle Day
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

Media Relations Contact

Joelle Day
Media and CR Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/446366