SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  LIN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of LIN Media LLC (LIN) Over the Proposed Sale of the Company to Media General Inc. (MEG) in a Cash or Stock Deal

[March 21, 2014]

LIN SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of LIN Media LLC (LIN) Over the Proposed Sale of the Company to Media General Inc. (MEG) in a Cash or Stock Deal

NEW YORK --(Business Wire)--

Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of LIN Media LLC ("LIN" or the "Company") (NYSE:LIN) for potential breaches of fiduciary duties in connection with the sale of the Company to Media General Inc. (MEG) for approximately $1.6 billion, or $2.6 billion including debt of $968 million. The Company's stockholders will only receive stock or cash worth $27.82, or 1.5762 shares of the Media General Inc. for each share of LIN common stock they own. According to Yahoo! Finance, at least one analyst estimated the target price to be $32.00 per share.

Click here for more information: www.faruqilaw.com/LIN. There is no cost or obligation to you.


The investigation focuses on whether LIN's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of LIN's shareholders.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter (News - Alert) at www.twitter.com/MergerActivity or on Facebook (News - Alert) at www.facebook.com/FaruqiLaw.

If you own common stock in LIN and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/LIN or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.