Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of LIN Media, LLC (“LIN
Media” or the “Company”) (NYSE:LIN) related to the proposed acquisition
of the Company by Media General. The transaction is valued at
approximately $1.6 billion, or $22 per share.
This investigation concerns whether the Board of Directors of LIN Media
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction. The Company has seen substantial
recent growth. Its share price has skyrocketed from $10.25 on April 3,
2013 to $28.71 on December 31, 2013.
If you are a shareholder of LIN Media, if you have information or would
like to learn more about our investigation, or if you wish to discuss
these matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Howard
G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike,
Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847,
Toll-Free at 888-638-4847, or by email to howardsmith@howardsmithlaw.com,
or visit our website at http://www.howardsmithlaw.com.
Copyright Business Wire 2014