An investigation on behalf of investors of Tribune Media Company (NYSE: TRCO) in connection with the proposed takeover was announced and NYSE: TRCO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/12/2018 -- An investigation was announced concerning whether the takeover of Tribune Media Company is unfair to NYSE: TRCO stockholders.
Investors who purchased shares of Tribune Media Company (NYSE: TRCO) and currently hold any of those NYSE: TRCO shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Tribune Media Company breached their fiduciary duties owed to NYSE: TRCO investors in connection with the proposed acquisition.
On December 3, 2018, Nexstar Media Group, Inc. (Nasdaq: NXST) and Tribune Media Company (NYSE: TRCO) announced that they have entered into a merger agreement whereby Nexstar will acquire all outstanding shares of Tribune Media for $46.50 per share in a cash transaction that is valued at $6.4 billion including the assumption of Tribune Media's outstanding debt.
However, given that at least one analyst has set the high target price at $48.00 per NYSE: TRCO shares, the investigation concerns whether the offer is unfair to Tribune Media Company (NYSE: TRCO stockholders. More specifically, the investigation concerns whether the Tribune Media Company (NYSE: TRCO Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On December 11, 2018, NYSE: TRCO shares closed at $45.21 per share.
Those who are current investors in Tribune Media Company (NYSE: TRCO) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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