Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Lin Media, Inc. (“Lin Media” or the “Company”) (NYSE: LIN) relating to the proposed acquisition by Media General, Inc. (“Media General”).
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Under the terms of the transaction, Lin Media shareholders will receive either only $27.82 in cash or 1.5762 shares of the new holding company for Lin Media stock for each share of Lin Media stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Lin Media for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue Lin Media as an analyst has set $32.00 per share price target on Lin Media's stock and the premium being paid is substantially below the premium paid on comparable transactions.
If you own shares of Lin Media common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
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Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.