Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Belo Corp. (“Belo”) (NYSE: BLC) to Gannett Co., Inc. for shareholders. Under the terms of the proposed sale, Belo shareholders will only receive $13.75 per share in cash. The transaction is valued at approximately $1.5 billion, plus the assumption of $715 million in debt.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, please contact Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com or Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via email at email@example.com. There is no cost or fee to you.
The Belo sale investigation centers on whether Belo’s shareholders are receiving adequate compensation for their shares in the proposed deal, whether the transaction undervalues Belo’s stock, and whether Belo’s board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.