WAYNE, Pa., March 24, 2014 /PRNewswire/ -- Ryan & Maniskas, LLP is investigating potential claims against the board of directors of LIN Media LLC ("LIN Media" or the "Company") (NYSE: LIN) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell the Company to Media General Inc. for approximately $1.6 billion, or $2.6 billion including debt of $968 million.
If you own shares of LIN Media and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/lin. You may also email Mr. Maniskas at firstname.lastname@example.org.
Under the terms of the transaction, LIN Media shareholders may elect to receive $27.82 in cash or 1.5762 shares of the new holding company for each share of LIN Media stock they own.
Our investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Lin Media for not acting in the Company's shareholders' best interests in connection with the sale process.
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide. To learn more about the class action process, please visit: www.rmclasslaw.com.
SOURCE Ryan & Maniskas, LLP