| Playboy Enterprises, Inc. |
|
|
|
|
July 12, 2010 |
|
|
FT is investigating potential claims on behalf of shareholders of Playboy Enterprises, Inc. (NYSE: PLA, PLAA). Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Playboy Enterprises, Inc. (NYSE: PLA, PLAA) arising from the announcement of Playboy Chairman and controlling shareholder Hugh Hefner’s proposal to acquire Playboy and take the Company private. Under the terms of the proposal, Playboy shareholders will receive $5.50 in cash for every share of Playboy stock they own in a transaction valued at approximately $185 million. The investigation is focused on the potential unfairness of the consideration to Playboy’s shareholders. Specifically, this investigation concerns the conduct of Playboy chairman and controlling shareholder Hefner, who holds almost 70% of Playboy’s Class A common stock and nearly 28% of Playboy’s Class B stock. As a result of the proposed transaction, the public shareholders would be squeezed out and the Company would no longer be publicly traded. If you are interested in discussing your rights as a Playboy shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it . |





