SFX INVESTOR NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of SFX Entertainment Inc. (SFXE) Over the Proposed Sale of the Company in a Going Private Transaction with the Company CEO

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SFX Entertainment Inc.

NEW YORK, NY / ACCESSWIRE / May 27, 2015 / Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of SFX Entertainment Inc. (“SFX” or the “Company”) (Nasdaq: SFXE) for potential breaches of fiduciary duties in connection with the sale of the Company to Robert F.X. Sillerman, the Company’s Chief Executive Officer and Executive Chairman of the Board of Directors for approximately $774 million. The Company’s stockholders will only receive $5.25 per share in cash for each SFX share they own. However, the offer price is significantly below both SFX’s 52-week high of $8.49 per share and the median analyst price target of $6.00 per share.

Click here for more information: www.faruqilaw.com/SFXE. There is no cost or obligation to you.

The investigation focuses on whether SFX’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of SFX’s shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.

If you own common stock in SFX and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/SFXE or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330. 

Contact:

Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330

Attorney Advertising. (C) 2015 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

SOURCE: Faruqi & Faruqi, LLP

ReleaseID: 429306