Energy News / Shareholders Foundation, Inc.

NASDAD:SBGI Shareholder Notice: Investigation of Sinclair Broadcast Group over Possible Violations of Securities Laws

Via: ReleaseWire

Updated 11:00 AM CDT, Wed, August 08,2018

An investigation for investors in Sinclair Broadcast Group, Inc. (NASDAD: SBGI) shares over potential securities laws violations was announced.

San Diego, CA -- (SBWIRE) -- 08/08/2018 -- An investigation was announced concerning potential securities laws violations in connection with certain financial statements made by Sinclair Broadcast Group, Inc.

Investors who purchased shares of Sinclair Broadcast Group, Inc. (NASDAD: SBGI), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether Sinclair made materially false and misleading statements or failed to disclose material information pertaining to the purchase of Tribune shares.

On May 8, 2017, Sinclair Broadcast Group, Inc. and Tribu Tribune Media Co (NYSE:TRCO) announced that they have entered into an agreement under which Sinclair will acquire 100% of the issued and outstanding shares of Tribune Media Co (NYSE:TRCO) for $43.50 per share, for an aggregate purchase price of approximately $3.9 billion, plus the assumption of approximately $2.7 billion in net debt. Under the terms of the agreement, Tribune Media Co (NYSE:TRCO) stockholders will receive $35.00 in cash and 0.23 shares of Sinclair Class A common stock for each share of Tribune Media Co (NYSE:TRCO) Class A common stock and Class B common stock they own.

On August 3, 2017, Sinclair filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that the U.S. Department of Justice had requested additional information and documentary material pertaining to the agreement.

Those who purchased shares of Sinclair Broadcast Group, Inc. (NASDAD: SBGI) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdadsbgi-shareholder-notice-investigation-of-sinclair-broadcast-group-over-possible-violations-of-securities-laws-1025391.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com