BALA CYNWYD, Pa., Feb. 22, 2022 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847. There is no cost or financial obligation to you.
TEGNA Inc. (NYSE – TGNA)
Under the terms of the agreement, TEGNA will be acquired by an affiliate of Standard General which will acquire all outstanding shares of common stock of TEGNA for $24.00 per share in cash. The transaction has an equity value of approximately $5.4 billion and an enterprise value of approximately $8.6 billion, including the assumption of debt. The investigation concerns whether the TEGNA Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Standard General is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/tegna-inc-nyse-tgna/.
Meritor, Inc. (NYSE - MTOR)
Under the terms of the agreement, Meritor will be acquired by Cummins Inc. which will acquire all outstanding shares of common stock of Meritor for $36.50 per share in cash for a total transaction value of approximately $3.7 billion, including assumed debt and net of acquired cash.
The investigation concerns whether the Meritor Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Cummins is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/meritor-inc-nyse-mtor/.
Houghton Mifflin Harcourt Company (Nasdaq - HMHC)
Under the terms of the agreement, Houghton Mifflin will be acquired by certain affiliates of Veritas Capital which will acquire all outstanding shares of common stock of Houghton Mifflin for $21.00 per share in an all-cash transaction. The investigation concerns whether the Houghton Mifflin Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Veritas is paying too little for the Company.
Additional information can be found at https://www.brodskysmith.com/cases/houghton-mifflin-harcourt-company-nasdaq-hmhc/.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. Attorney advertising. Prior results do not guarantee a similar outcome.
