SAN DIEGO--(BUSINESS WIRE)--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Journal Media Group, Inc. (NYSE: JMG) breached their fiduciary duties in connection with the proposed sale of the Company to Gannett Co., Inc.
Journal Media operates as a media company with print and digital publishing activities in the United States.
On October 7, 2015, Journal Media announced it had signed a definitive merger agreement with Gannett. Under the terms of the agreement, Gannett will acquire Journal Media for $12.00 per share in cash.
The investigation concerns whether Journal Media’s board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Journal Media’s shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given Journal Media’s outlook for future earnings growth.
If you are a shareholder of Journal Media and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number where you can be reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.