Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Meredith Corporation

BALA CYNWYD, Pa.--(BUSINESS WIRE)--

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Meredith Corporation.("Meredith" or "the Company") MDP for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Media General, Inc. ("Media General").

Click here to learn more about the investigation http://brodsky-smith.com/980-mdp-meredith-corporation.html, or call: 877-534-2590. There is no cost or obligation to you.

Under the terms of the transaction, Meredith shareholders will receive only 1.5214 shares of a new holding company formed by Media General and $34.57 in cash for each share of Meredith stock they own. The transaction values Meredith at only approximately $51.53 per share. The investigation concerns whether the Board of Meredith breached their fiduciary duties to shareholders and whether Media General is underpaying for Meredith. The transaction may undervalue Meredith and will result in a loss for many Meredith shareholders. For example, Meredith stock traded at $56.96 per share as recently as March 20, 2015, and an analyst has set a price target for Meredith stock at $58.00 per share.

If you own shares of Meredith and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/980-mdp-meredith-corporation.html, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class 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 have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

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