The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Dial Global, Inc., now WestwoodOne, and other violations of state law by the board of directors of Dial relating to the proposed merger of the Company with Cumulus Media, Inc.
The firm's investigation seeks to determine, among other things, whether the board of directors of Dial breached their fiduciary duties by failing to maximize shareholder value.
According to the press release announcing the proposed merger, Dial shareholders will receive $0.155 for each share of Dial common stock they own. The company's stock recently traded above the proposed merger price.
Current common stock of Dial can learn more about the investigation being conducted by Brower Piven by you may emailing or calling Brower Piven, who will, without obligation or cost to you, attempt to answer your questions.
Contact Brower Piven by email at firstname.lastname@example.org, by calling (410) 415-6616.