Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) Shareholder Notice: Lawsuit Against Takeover

A lawsuit was filed for investors in shares of Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) ) in effort to halt the proposed takeover and NYSE:MSO stockholders should contact the Shareholders Foundation.

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San Diego, CA -- (SBWire) -- 07/13/2015 --An investor who currently holds shares of Martha Stewart Living Omnimedia, Inc. (NYSE:MSO), filed a lawsuit in effort to halt the proposed takeover of Martha Stewart Living Omnimedia, Inc. by Sequential Brands Group, Inc.

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

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:MSO stockholders by agreeing to sell Martha Stewart Living Omnimedia, Inc. too cheaply via an unfair process to Sequential Brands Group, Inc

On June 22, 2015, Sequential Brands Group, Inc. announced that it has signed a definitive merger agreement to acquire 100% of the outstanding shares of Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) for aggregate consideration valued at $6.15 per share, payable 50% in stock and 50% in cash.

However, the plaintiff claims that the proposed consideration NYSE:MSO shareholders will receive is grossly inadequate and undervalues Martha Stewart Living Omnimedia, Inc. Indeed, at least one analyst has set the high target price for NYSE:MSO shares at $7.18 per share and NYSE:MSO shares traded in the open market as recently as high as $6.69 per share on April 2, 2015. In addition, the plaintiff claims that the process is also unfair to NYSE:MSO stockholders. The plaintiff claims the proposed takeover agreement contains preclusive deal protection devices that deter other bidders from making a higher offer for Martha Stewart Living Omnimedia, Inc.

Those who are current investors in Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
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

Michael Daniels
General Manager
Shareholders Foundation, Inc.
858-779-1554
http://www.ShareholdersFoundation.com

View this press release online at: http://rwire.com/609660