BALA CYNWYD, Pa., Feb. 11, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed merger of Ticketmaster Entertainment, Inc. ("Ticketmaster" or the "Company") (Nasdaq:TKTM) and Live Nation Entertainment Inc. ("Live Nation") (NYSE:LYV). Pursuant to the terms of the so-called "Merger of Equals," shareholders of Ticketmaster will receive 1.384 shares of Live Nation stock for each share of Ticketmaster stock they own. Based on Live Nation's February 10, 2009 closing price of $4.82, the transaction is valued at $6.67 per Ticketmaster share. Ticketmaster shares, however, traded at over $16.00 as recently as September 2008, significantly more than what can currently be expected as a result of the merger with Live Nation.
If you are a Ticketmaster shareholder and wish to discuss the legal ramifications of the proposed merger with Live Nation, 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 Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.