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press release

Oct. 12, 2021, 4:01 p.m. EDT

MEREDITH ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of MDP and Encourages Investors to Contact the Firm

NEW YORK, Oct 12, 2021 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, Oct. 12, 2021 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Meredith Corporation /zigman2/quotes/201770619/composite MDP +0.08% breached their fiduciary duties or violated the federal securities laws in connection with the company's sale of its National Media Group to IAC/ InterActiveCorp /zigman2/quotes/205118493/composite IAC +3.62% ("IAC").

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On October 6, 2021, Meredith announced that it had entered into an agreement to sell its National Media Group to IAC in an all-cash transaction. Pursuant to the merger agreement, Meredith stockholders will receive $42.18 in cash for each share of Meredith common stock owned. The deal is scheduled to close by the end of 2021.

Bragar Eagel & Squire is concerned that Meredith's board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Meredith's stockholders.

If you own shares of Meredith and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at investigations@bespc.com or telephone at (646) 860-9157, or by filling out this contact form . There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com . Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com

COMTEX_395046517/2471/2021-10-12T16:01:21

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/zigman2/quotes/201770619/composite
US : U.S.: NYSE
$ 59.05
+0.05 +0.08%
Volume: 843,776
Nov. 29, 2021 4:00p
P/E Ratio
10.00
Dividend Yield
0.00%
Market Cap
$2.61 billion
Rev. per Employee
$581,074
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/zigman2/quotes/205118493/composite
US : U.S.: Nasdaq
$ 130.81
+4.57 +3.62%
Volume: 898,792
Nov. 29, 2021 4:00p
P/E Ratio
11.16
Dividend Yield
N/A
Market Cap
$11.31 billion
Rev. per Employee
$371,668
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