|[March 21, 2014]
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by Board of LIN Media LLC In Connection With Sale Of Company to Media General, Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of LIN Media
LLC ("LIN Media" or the "Company") (NYSE:LIN) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Media General, Inc.
Click here to learn more about the investigation http://zlk.9nl.com/lin-media-lin,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, LIN Media shareholders may elect to
receive $27.82 in csh or 1.5762 shares of the new holding company for
each share of LIN Media stock they own. The investigation concerns
whether the LIN Media Board of Directors breached their fiduciary duties
to stockholders by failing to adequately shop the Company before
agreeing to enter into this transaction, and whether Media General, Inc.
is underpaying for LIN Media shares. In particular, at least one analyst
set a price target for LIN Media stock at $32.00 per share.
If you own LIN Media common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/lin-media-lin.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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