The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of LIN Media LLC (NYSE:LIN) (“LIN Media”) in connection with the sale of the Company to Media General, Inc.
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Under the terms of the transaction, LIN Media shareholders may elect to receive $27.82 in cash or 1.5762 share 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 to obtain the best possible value for LIN Media shareholders. At least one analyst set a price target of $32.00 per LIN Media share for the most recent quarter.
If you own common stock in LIN Media and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
, by telephone at 212.425.1140, or visit
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.