TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Journal Media Group Inc (NYSE:JMG) Investor Filed Lawsuit Over Alleged Wrongdoing In Acquisition By Gannett Co., Inc.

  • If you purchased shares of Journal Media Group Inc (NYSE:JMG) and currently hold any of those NYSE:JMG shares, you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Journal Media Group Inc
Security
NYSE: JMG

Case Name
Journal Media Group Deal Case 12/04/2015
Type of Lawsuit
Mergers and Acquisition
You must register or login to receive notifications.

Click here to subscribe to Journal Media Group Inc.
Summary

December 09, 2015 (Shareholders Foundation) - An investor who currently holds shares of Journal Media Group Inc (NYSE:JMG), filed a lawsuit in effort to halt the proposed takeover of Journal Media Group Inc by Gannett Co., Inc. for $12.00 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:JMG stockholders by agreeing to sell Journal Media Group Inc too cheaply via an unfair process to Gannett Co., Inc.

On October 7, 2015 Gannett Co., Inc. (NYSE: GCI) and Journal Media Group Inc (NYSE:JMG)announced that they have entered into a merger agreement under which Gannett will acquire all of the outstanding common stock of Journal Media Group Inc (NYSE:JMG) for approximately $280 million, net of acquired cash. Under the terms of the transaction, which was approved by the boards of directors of both companies and is subject to Journal Media Group Inc (NYSE:JMG) shareholder approval, Journal Media Group Inc (NYSE:JMG) shareholders will receive cash of $12.00 per share in cash.
However, the plaintiff claims that the proposed consideration NYSE:JMG shareholders will receive is grossly inadequate and undervalues Journal Media Group Inc. In addition, the plaintiff alleges that the process is also unfair to NYSE:JMG stockholders.