Rigrodsky & Long, P.A. Announces Investigation Of Belo Corp. Buyout
Gannett offers only $13.75 per share to Belo shareholders
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
- Do you own shares of Belo Corp. (NYSE: BLC )?
- Did you purchase any of your shares prior to June 13, 2013?
- Do you think the proposed buyout price is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Belo Corp. (“Belo” or the “Company”) (NYSE: BLC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Gannett Co., Inc. (“Gannett”) (NYSE: GCI) in a transaction valued at approximately $2.2 billion, including the assumption of existing debt.
Click here to learn more: http://www.rigrodskylong.com/investigations/belo-corp-blc.
Under the terms of the agreement, public shareholders of Belo will receive $13.75 per share in cash for each share of Belo they own.
The investigation concerns whether Belo’s board of directors failed to adequately shop the Company and obtain the best possible value for Belo’s shareholders before entering into an agreement with Gannett.
If you own the common stock of Belo and purchased your shares before June 13, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth Rigrodsky or Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/belo-corp-blc.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
KEYWORDS: United States North America Delaware