Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Outdoor
Channel Holdings, Inc. ("Outdoor Channel" or the "Company") (NASDAQ:
OUTD) for potential breaches of fiduciary duties in connection with
their conduct related to the sale of the Company to InterMedia Outdoor
Holdings, LLC in a cash-and-stock deal valued at approximately $148.8
million. The merger will create InterMedia Outdoor Holdings, Inc.
("IMOH"), a privately held company. Under the terms of the proposed
transaction, Outdoor Channel's stockholders will be entitled to receive
either $8 in cash or one share of stock of IMOH for each share of
Outdoor Channel's common stock they own, while according to Yahoo!
Finance, at least one financial analyst has set a price target of $9 for
Request more information now by clicking here: www.faruqilaw.com/OUTD.
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The investigation focuses on whether Outdoor Channel's Board of
Directors breached their fiduciary duties to the Company's stockholders
by failing to conduct an adequate and fair sales process prior to
agreeing to this proposed transaction, whether and by how much this
proposed transaction undervalues the Company to the detriment of Outdoor
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.
If you own common stock in Outdoor Channel and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org
or by telephone at (877) 247-4292 or (212) 983-9330.
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