|Bid||58.23 x 800|
|Ask||58.23 x 1000|
|Day's range||58.21 - 58.33|
|52-week range||10.75 - 58.83|
|Beta (5Y monthly)||2.16|
|PE ratio (TTM)||9.29|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||27 Feb 2020|
|1y target est||N/A|
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Meredith Corporation’s Local Media Group (NYSE: MDP) to Gray Television, Inc. (NYSE: GTN). Under the terms of the proposed transaction, shareholders of Meredith will receive $14.50 in cash for each share of Meredith that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Halper Sadeh LLP, a global investor rights law firm, is investigating Meredith Corporation (NYSE: MDP) in connection with the spin-off of its National Media Group portfolio and simultaneous sale of its Local Media Group assets to Gray Television for $2.7 billion in cash. Under the terms of the transaction, Meredith’s National Media Group portfolio will be spun out to shareholders as a standalone publicly traded company, with shareholders receiving approximately $14.50 in cash per share and 1-for-1 equity share in post-close Meredith.