CEC Entertainment, Inc. (NYSE:CEC) Investor Investigation Concerning Potential Wrongdoing In Takeover

If you purchased shares of CEC Entertainment, Inc. (NYSE:CEC) and currently hold any of those NYSE:CEC shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
CEC Entertainment
Affected Securities: 
NYSE: CEC

January 24, 2014 (Shareholders Foundation) - 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.

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.