Energy News / Shareholders Foundation, Inc.

Scripps Networks Interactive, Inc. (NASDAQ:SNI) Investor Investigation of Takeover

Via: ReleaseWire

Updated 11:45 AM CDT, Wed, August 16,2017

An investigation on behalf of investors of Scripps Networks Interactive, Inc. (NASDAQ:SNI) in connection with the proposed takeover was announced and NASDAQ:SNI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 08/16/2017 -- An investigation was announced for investors, who currently hold NASDAQ:SNI shares, concerning whether the takeover of Scripps Networks Interactive, Inc. by Discovery Communications, Inc. is unfair to NASDAQ:SNI stockholders.

Investors who purchased shares of Scripps Networks Interactive, Inc. (NASDAQ:SNI) and currently hold any of those NASDAQ:SNI shares 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 concerns whether certain officers and directors of Scripps Networks Interactive, Inc. breached their fiduciary duties owed to NASDAQ:SNI investors in connection with the proposed acquisition.

On July 31, 2017, Discovery Communications, Inc. and Scripps Networks Interactive, Inc. (Nasdaq: SNI) announced that they have signed a definitive agreement for Discovery Communications, Inc. toacquire Scripps Networks Interactive, Inc. (NASDAQ:SNI) in a cash-and-stock transaction valued at $14.6 billion, or $90 per share, based on Discovery's Friday, July 21 closing price.

However, given that John C. Malone, Advance/Newhouse Programming Partnership and members of the Scripps family have already entered into voting agreements to vote in favor of the transaction and take certain other actions, in each case subject to the terms and conditions of their respective agreements, the investigation concerns whether the offer is unfair to NASDAQ:SNI stockholders. More specifically, the investigation concerns whether the Scripps Networks Interactive 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.

Those who are current investors in Scripps Networks Interactive, Inc. (NASDAQ:SNI) shares 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/scripps-networks-interactive-inc-nasdaqsni-investor-investigation-of-takeover-848578.htm

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