Wolf Popper LLP Investigates Claims That the Proposed Acquisition of Meredith Corp. May Not Be In the Best Interests of Its Investors

NEW YORK, Sept. 9, 2015 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Meredith Corp. ("Meredith") (NYSE: MDP), concerning the proposed acquisition of Meredith by Media General, Inc. (NYSE: MEG). Meredith shareholders seeking more information about this acquisition can contact Carl L. Stine at (212) 759-4600 or [email protected].

The investigation concerns whether Meredith's directors are breaching their fiduciary duties by failing to adequately maximize shareholder value.  Under the terms of the proposed transaction, Meredith's shareholders will receive $51.53 per share in cash and stock for each Meredith share they own. The proposed transaction has a preliminary equity value of approximately $2.3 billion. However, the offer price is below Meredith's 52-week high of $56.96 per share and below the 12-month median analyst price target of $51.80 per share.

Wolf Popper LLP has extensive experience representing investors in mergers and acquisition lawsuits and has successfully ensured that investors receive the maximum compensation. Twelve Wolf Popper attorneys were named Rising Stars or Super Lawyers in the 2014 Super Lawyers New York City Metro Edition, including Wolf Popper partner Carl Stine, who was included in the Super Lawyers Top 100 List for the New York City Metro area. View Wolf Popper attorney biographies at www.wolfpopper.com.

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Wolf Popper LLP845 Third AvenueNew York, New York 10022Telephone: 212-759-4600Toll Free Tel: 877-370-7703Toll Free Fax: 877-370-7704Email: [email protected]

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SOURCE Wolf Popper LLP