NEW YORK, Feb. 10, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the board of directors of Ticketmaster Entertainment, Inc. ("Ticketmaster" or the "Company") (Nasdaq:TKTM) arising out their agreeing to merge with Live Nation Entertainment Inc. ("Live Nation"). Under the terms of the agreement, shareholders of Ticketmaster will receive 1.384 shares of Live Nation for each share of Ticketmaster they own which amounts to $7.32 per share, based on the February 9, 2009 closing price of Live Nation stock. The transaction is unfair, given that, among other things, Ticketmaster shares traded above $10.00 as recently as November 2008.
If you own common stock in Ticketmaster and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/tktm.html
L&K has experience in prosecuting investor securities litigation and an extensive practice in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.