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Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of CNET Networks, Inc. - CNET
Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of CNET Networks, Inc. - CNET
LITTLE ROCK, Ark., May 15 /PRNewswire/ -- Cauley Bowman Carney & Williams,
PLLC announces an investigation into the proposed acquisition of CNET
Networks, Inc. (Nasdaq: CNET). On May 15, 2008, CNET announced that it has
entered into a definitive merger agreement with CBS Corp. Under the terms of
the proposal, CNET shareholders would receive $11.50 per share in cash for
each share owned and CNET would no longer operate as a publicly traded
company. This price per share represents an approximately 45% premium over the
stock's closing price of $7.95 prior to announcement of the acquisition. The
proposed merger cannot be completed without the approval of CNET shareholders.
If you are a current shareholder of CNET Networks, Inc. and would like to
be advised of your rights in this matter, you may contact Cauley Bowman Carney
& Williams, PLLC at the phone number below.
Cauley Bowman Carney & Williams, PLLC
Cauley Bowman is a national law firm that represents investors in
securities fraud and corporate governance class actions. It is one of the
country's premier firms in the area of securities fraud having recovered
billions of dollars for defrauded investors and secured significant corporate
governance reforms. Cauley Bowman maintains in-house finance, forensic
accounting specialists and extensive trial experience.
CONTACT
Darrin L. Williams, Esq.
Randall K. Pulliam, Esq.
Kristi Gray
501-312-8500
1-888-551-9944
info@cauleybowman.com
SOURCE Cauley Bowman Carney & Williams, PLLC
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Computers and Electronics, Banking and Finance, Legal, Law and Lawyers, Arkansas
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