Kirby McInerney LLP is investigating potential claims against the Board of Directors of LIN Media LLC (“LIN” or the “Company”) (NYSE: LIN) concerning the proposed acquisition of the Company by Media General, Inc. (“Media”) (NYSE: MEG). Under the terms of the definitive merger agreement, LIN stockholders may elect to receive either $27.82 in cash or 1.5762 shares of the post-transaction company, subject to proration, for each share of LIN common stock they own. The total enterprise value of the transaction is approximately $2.6 billion, including the assumption of debt.
The investigation concerns whether the LIN Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values LIN’s common stock.
If you are a LIN stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.