MM ALERT - National Securities Law Firm Seeks Higher Price for Millennial Media Shareholders, and Encourages Shareholders to Contact Law Firm for More Information

NEW YORK, Sept. 3, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the sale of Millennial Media, Inc. (NYSE: MM) ("MM" or the "Company") on behalf of its shareholders.  AOL announced that it will acquire Millennial Media for $1.75 per share.

Our investigation has determined that the offer price of only $1.75 per share, unfairly under-values the true going forward inherent value of MM and that shareholders are not receiving the maximum value for their shares.  Indeed, the book value alone of MM is $1.63 per share, an analyst has projected the target price of MM stock to be worth $2.15 per share, and the stock hit a high of $2.29 within the past year.  The investigation further seeks to determine whether the senior management of MM are entering into this deal for their own self-interests to the detriment of the Company's shareholders.

If you are a shareholder of MM and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:

Tripp Levy PLLC New York, New York  Toll free: 800-511-7037  International: 602-241-2841  Email: [email protected]  www.tripplevy.com

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP.  The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America."  Attorney advertising.  Prior results do not indicate a similar outcome.

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SOURCE Tripp Levy PLLC