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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Hemisphere Media Group, Inc. (“Hemisphere Media” or the “Company”) (NASDAQ: HMTV) to Gato Investments LP, Hemisphere’s controlling stockholder. Under the terms of the merger, Hemisphere Media shareholders will receive $7.00 in cash for each share of HMTV common stock they own.
The investigation concerns whether stockholders have been harmed by the decision of Hemisphere’s Board of Directors to enter into this transaction, the adequacy of the $7.00 per share acquisition price, and whether all material facts have been properly disclosed to stockholders.
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