Energy News / Shareholders Foundation, Inc.

NASDAQ: FOX Investor Alert: Lawsuit Filed to Halt Takeover of Twenty-First Century Fox, Inc.

Via: ReleaseWire

Updated 11:00 AM CDT, Tue, July 17,2018

A lawsuit was filed by an investor of Twenty-First Century Fox, Inc. (NASDAQ: FOX) in connection with the proposed takeover.

San Diego, CA -- (SBWIRE) -- 07/17/2018 -- The Shareholders Foundation announces that an investor, who currently hold shares of Twenty-First Century Fox, Inc. (NASDAQ: FOX), filed a lawsuit to halt the takeover of Twenty-First Century Fox, Inc.

Investors who purchased shares of Twenty-First Century Fox, Inc. (NASDAQ: FOX) and currently hold any of those NASDAQ: FOX shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On June 20, 2018, Twenty-First Century Fox, Inc. (NASDAQ: FOXA, FOX) announced that it has entered into an amended and restated merger agreement with The Walt Disney Company (NYSE: DIS) pursuant to which The Walt Disney Company has agreed to acquire for a price of $38 per Twenty-First Century Fox, Inc. (NASDAQ: FOX share the same businesses The Walt Disney Company agreed to acquire under the previously announced merger agreement between Twenty-First Century Fox, Inc. (NASDAQ: FOX) and The Walt Disney Company (the "Disney Merger Agreement"). This price represents a significant increase over the purchase price of approximately $28 per share included in the Disney Merger Agreement when it was announced in December 2017.

However, the plaintiff alleges that the deal "omits or misrepresents material information."

Twenty-First Century Fox, Inc. reported that its Total Revenue rose from over $27.32 billion for the 12 months period that ended on June 30, 2016 to $28.5 billion for the 12 months period that ended on June 30, 2017, and that its Net Income over those time periods increased from $2.75 billion to $29.5 billion.

Those who are current investors in Twenty-First Century Fox, Inc. (NASDAQ: FOX) 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

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaq-fox-investor-alert-lawsuit-filed-to-halt-takeover-of-twenty-first-century-fox-inc-1012394.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com