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NEW YORK, Sept. 11, 2015 /PRNewswire/ -- The Law Offices of Vincent Wong are investigating potential claims against the Board of Directors of Meredith Corporation (NYSE: MDP) (" Meredith" or "the Company") in connection with the sale of the Company to Media General Inc. (NYSE: MEG). Under the terms of the transaction, Meredith shareholders will receive $34.57 in cash and 1.5214 shares in the post-merger entity per share, representing an approximate value of $51.53 per share. Meredith family members who collectively own 63% of the Company's Class B shares have voted in favor of the deal.
Click here to learn about the case: http://docs.wongesq.com/MDP-Info-Request-Form-893. There is no cost or obligation to you.
The investigation concerns whether the Board of Meredith breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Media General Inc. is underpaying for Meredith shares.
If you own common stock in Meredith and wish to obtain additional information, please contact Vincent Wong, Esq. either via email vw@wongesq.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/MDP-Info-Request-Form-893.
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.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
Logo - http://photos.prnewswire.com/prnh/20140904/143045
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mdp-shareholder-alert-the-law-offices-of-vincent-wong-launches-an-investigation-of-the-board-of-directors-of-meredith-corporation-regarding-the-sale-of-the-company-to-media-general-inc----mdp-300141682.html
SOURCE The Law Offices of Vincent Wong
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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