Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Meredith Corporation (NYSE: MDP) acted responsibly on behalf of investors’ profitability in the planned $2.4 billion sale to Media General Inc (NYSE: MEG). 

On September 8, 2015, Meredith Corporation (NYSE: MDP) and Media General Inc (NYSE: MEG) announced that they had entered into a merger agreement. Under the terms of the agreement, Meredith shareholders will receive cash and stock valued at $51.53. Both classes of Meredith stock, Common Stock and Class B Common Stock, will receive the same consideration per share. 

Based in Des Moines, IA, and founded in 1902 Meredith Corporation is a diversified media company that operates in two segments, Local Media and National Media. The Local Media segment owns 16 television stations.  The National Media segments owns/operates approximately 20 subscription magazines that include Better Homes and Gardens, Parents, Family Circle, Allrecipes, EveryDay with Rachael Ray, Martha Stewart Living, Shape, and FamilyFun, as well as approximately 130 special interest publications under approximately 80 titles. 

The investigation is looking to uncover whether Meredith Corporation was undervalued at the cost of the shareholders considering one analyst’s opinion of their stock is valued at $58.00 per share. 

If you purchased Meredith Corporation (NYSE: MDP) prior to September 8, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324. 

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