2014

LIN MEDIA LLC SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del., April 3, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:

  • Do you own shares of LIN Media LLC (NYSE: LIN)?
  • Did you purchase any of your shares prior to March 21, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of LIN Media LLC ("LIN" or the "Company") (NYSE: LIN) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Media General, Inc. ("Media General") (NYSE: MEG), in a transaction valued at approximately $1.6 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/lin-media-llc-lin.

Under the terms of the agreement, public shareholders of LIN can elect to receive $27.82 in cash or 1.5762 shares of the new holding company for each share of LIN they own.

The investigation concerns whether LIN's board of directors failed to adequately shop the Company and obtain the best possible value for LIN's shareholders before entering into an agreement with Media General.  According to Yahoo! Finance, at least one analyst has issued a price target for LIN stock at $32.00 per share.                       

If you own the common stock of LIN and purchased your shares before March 21, 2014, if you have information or would like to learn more about these claims, 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 Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, Delaware 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/lin-media-llc-lin.           

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                             

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com  
http://www.rigrodskylong.com

SOURCE Rigrodsky & Long, P.A.



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