NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Scripps Networks Interactive, Inc. (NASDAQ: SNI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Discovery Communications, Inc. (NASDAQ: DISCA, DISCB, DISCK). Under the terms of the deal, Scripps shareholders will receive $90 per share, consisting of $63 in cash and $27 in Class C Common shares of Discovery stock per Scripps share.
The investigation concerns whether the Scripps Board of Directors breached their fiduciary duties to Scripps stockholders by failing to adequately shop the Company before entering into this transaction and whether Discovery Communications, Inc. is underpaying for Scripps shares, thus unlawfully harming Scripps stockholders.
If you own common stock in Scripps and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/SNI-Info-Request-Form-1666.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.