|[March 21, 2014]
SHAREHOLDER ALERT: Law Firm Brower Piven, A Professional Corporation, Announces the Investigation of LIN Media LLC over the Proposed Sale of the Company to Media General, Inc.
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of LIN Media LLC ("LIN" or the
"Company") (NYSE: MEG) and other violations of state law by the board of
directors of LIN relating to the proposed buyout of the Company by Media
General, Inc. ("Media General").
Under the terms of the transaction, LIN shareholders can elect to
receive $27.82 in cash or 1.5762 shares of the new holding company for
each share of LIN they own. According to Yahoo! Finance, at least one
analyst following LIN has set a target price of $2.00 per share.
The firm's investigation seeks to determine, among other things, whether
the Company's board of directors breached their fiduciary duties by
failing to maximize shareholder value before agreeing to enter into this
transaction, and whether Media General is underpaying for LIN shares.
If you currently own common stock of LIN and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616. Attorneys at Brower Piven together
have more than a century of experience litigating securities and other
class action cases.
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