SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of China Distance Education Holdings Limited (NYSE:DL)

BALA CYNWYD, PA / ACCESSWIRE / December 1, 2020 / Law Office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of China Distance Education Holdings Limited (NYSE:DL) ("CDEH" or the "Company")for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Champion Distance Education Investments Limited ("Champion"), an entity comprised of certain Company shareholders, including Zhengdong Zhu, the Company's co-founder, Chairperson of the Board and CEO. Under the terms of the agreement, CDEH shareholders will receive only $9.80 in cash for each American Depositary Share ("ADS") of CDEH stock they own or $2.45 in cash for each ordinary share of CDEH owned.

The investigation concerns whether the CDEH Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether the Champion is paying too little for the Company. For example, the deal consideration is well below the 52-week high of $11.99 for the Company's shares.

If you own shares of CDEH stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/china-distance-education-holdings-limited-nyse-dl/, or call toll free 877-534-2590.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC