NEW YORK, Aug. 07, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Gannett Co., Inc. (“Gannett” or the “Company”) (NYSE: GCI) stock prior to August 5, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Gannett to New Media Investment Group Inc. (“New Media”) (NYSE: NEWM). Under the terms of the deal, shareholders of Gannett will receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they hold. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/gannett-co-inc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Gannett merger investigation concerns whether the Board of Gannett breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether New Media is underpaying for Gannett shares, thus unlawfully harming Gannett shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com