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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Tribune Media Company (“Tribune” or the “Company”) (NYSE: TRCO) to Nexstar Media Group, Inc. (NASDAQGS: NXST). Under the terms of the transaction, Tribune shareholders will receive $46.50 per share.
The Tribune merger investigation concerns whether the Board of Tribune breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Nexstar is underpaying for Tribune shares, thus unlawfully harming Tribune shareholders.
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