SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Gannett Co., Inc. - GCI
BALA CYNWYD, PA / ACCESSWIRE / August 7, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gannett Co., Inc. (“Gannett” or “the Company”) (GCI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to New Media Investment Group, Inc. (“New Media”).
Click here to learn more http://www.brodskysmith.com/cases/gannett-co-inc-nyse-gci/, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Gannett shareholders will receive only $6.25 in cash and 0.5427 of a share of New Media stock for each share of Gannett stock they own. The transaction values Gannett stock at only approximately $12.06 per share. The investigation concerns whether the Board of Gannett breached their fiduciary duties to shareholders and whether New Media is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many Gannett shareholders. For example, Gannett stock has traded at $37.08 per share.
If you own shares of Gannett stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by visiting http://www.brodskysmith.com/cases/gannett-co-inc-nyse-gci/, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE: Brodsky & Smith, LLC
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