NEW YORK, March 21, 2014 /PRNewswire/ -- Pomerantz LLP
is investigating claims on behalf of investors of LIN Media LLC
("LIN Media" or the "Company") (NYSE: LIN) (ISIN: US5327711025)
(CUSIP: 532771102) concerning the proposed acquisition of LIN
Media by Media General, Inc.
LIN Media shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
The investigation concerns whether the LIN Media directors are
breaching their fiduciary duties by failing to adequately shop the
Company and maximize shareholder value. Under the terms of
the agreement, Lin Media shareholders can elect to receive
$27.82 in cash or 1.5762 shares of
the combined company for each share of LIN Media they own, subject
to proration. However, at least one analyst set a target
price of $32.00 per share.
LIN Media shareholders seeking more information about this
acquisition are advised to contact Robert
Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or
888-476-6529, ext. 237.
Pomerantz LLP, with offices in New
York, Chicago, Florida, and San
Diego, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L.
Pomerantz, known as the dean of the class action bar, the
Pomerantz LLP pioneered the field of securities class actions.
Today, more than 75 years later, the Pomerantz LLP continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate
misconduct. The Firm has recovered numerous multimillion-dollar
damages awards on behalf of defrauded investors. See
www.pomerantzlaw.com.
CONTACT:
Robert
Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com
SOURCE Pomerantz LLP