Meredith Corporation (NYSE: MDP)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Meredith Corporation ( Meredith ) (NYSE: MDP) in connection with the proposed acquisition of the company s Local Media Group business by Gray Television, Inc., and subsequent spin-out transaction. Under the terms of the merger agreement, Meredith will sell its Local Media Group business to GTN for $2.7 billion in cash. Meredith s National Media Group portfolio will be spun out to shareholders as a standalone publicly traded company retaining the Meredith Corporation name, with shareholders receiving cash consideration per share of approximately $14.50 and 1-for-1 equity share in the post-close Meredith company. If you own MDP shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/mdp/
Flagstar Bancorp, Inc. (NYSE: FBC)
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of
Flagstar Bancorp, Inc. (NYSE: FBC) in connection with the proposed acquisition of the company by New York Community Bancorp, Inc. ( New York Community ). Under the terms of the merger agreement, FBC shareholders will receive 4.0151 shares of New York Community common stock for each FBC share that they own, representing implied per share merger consideration of $48.02 based upon New York Community s April 30, 2021 closing price of $11.96. If you own FBC shares and wish to discuss this investigation or your rights, please call us or visit our website: https://www.weisslawllp.com/fbc/
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NEW YORK, April 26, 2021 /PRNewswire/ WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Flagstar Bancorp, Inc. ( Flagstar or the Company ) (NYSE: FBC) in connection with the proposed acquisition of the Company by New York Community Bancorp, Inc ( New York Community ) (NYSE: NYCB). Under the terms of the merger agreement, Flagstar shareholders will receive 4.0151 shares of New York Community common stock for each Flagstar share that they own, representing implied per share merger consideration of $48.14 based upon New York Community s April 23, 2021 closing price of $11.99. Upon completion of the transaction, New York Community shareholders will own approximately 68% and Flagstar shareholders will own approximately 32% of the combined entity. The implied total transaction value is approximately $2.6 billion.