NEW YORK, May 11, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Redbox Entertainment Inc. ("Redbox" or the "Company") (NASDAQ: RDBX) in connection with the proposed acquisition of the Company by Chicken Soup for the Soul Entertainment, Inc. (NASDAQ: CSSE). Under the terms of the merger agreement, the Company's shareholders will receive a fixed exchange ratio of 0.087 of a share of class A common stock of CSSE per Redbox share owned. Upon completion of the transaction, CSSE shareholders will own approximately 76.5% of the combined company, while Redbox shareholders will own only approximately 23.5% of the combined company.
If you own Redbox shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/rdbx
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
Weiss Law is investigating whether (i) Redbox's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates Redbox's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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