MILWAUKEE, Aug. 5, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Gannett (NYSE: GCI) for
possible breaches of fiduciary duty and other violations of the law
in connection with the sale of Gannett to New Media.
Click here to learn how to join the action:
http://ademilaw.com/case/gannett or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Gannett's financial outlook is
improving and yet shareholders will receive only the equivalent of
$12.06 for each share of Gannett
common stock they own. New Media is acquiring Gannett at
a substantial discount. The merger agreement unreasonably
limits competing bids for Gannett by prohibiting solicitation of
further bids, and imposing a termination penalty if Gannett accepts
a superior bid. Gannett insiders will receive millions of dollars
as part of change of control arrangements. We are investigating on
the conduct of Gannett's board of directors, and whether they are
(i) fulfilling their fiduciary duties to all shareholders, and (ii)
obtaining a fair and reasonable price for Gannett.
If you own common stock in Gannett and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/gannett.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP