|[January 23, 2014]
Law Firm Brower Piven Announces Investigation of CEC Entertainment, Inc. Proposed Buyout
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of CEC Entertainment, Inc. ("CEC"
or the "Company") (NYSE: CEC) and other violations of state law by the
board of directors of CEC relating to the proposed buyout of the Company
by Apollo Global Management, LLC. The firm's investigation seeks to
determine, among other things, whether the board of directors of CEC
breached their fiduciary duties by failing to maximze shareholder value.
According to the press release announcing the proposed buyout, CEC
shareholders will receive $54.00 per share in cash for each share of CEC
common stock they own. According to Yahoo! Finance, since the
announcement of the Proposed Transaction, shares of CEC have traded as
high as $55.03 and have consistently traded above $54.00.
If you currently own common stock of CEC and would like to learn more
about the investigation being conducted by Brower Piven, you may email
or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
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