NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Time Inc. (NYSE:TIME) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Meredith Corporation (NYSE: MDP). Under the terms of the deal, Time shareholders will receive $18.50 in cash for each share of Time stock they own.
The investigation concerns whether the Time Board of Directors breached their fiduciary duties to Time stockholders by failing to adequately shop the Company before entering into this transaction and whether Meredith Corporation is underpaying for Time shares, thus unlawfully harming Time stockholders.
If you own common stock in Time and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/TIME-Info-Request-Form-1747.
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.