press release

Oct. 7, 2021, 10:00 p.m. EDT

SHAREHOLDER ALERT: WeissLaw LLP Investigates Meredith Corporation

NEW YORK, Oct. 7, 2021 /PRNewswire/ -- WeissLaw LLP  is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Meredith Corporation ("Meredith" or the "Company") /zigman2/quotes/201770619/composite MDP +0.20% , in connection with the proposed acquisition of the Company by IAC/InterActiveCorp ("IAC") /zigman2/quotes/205118493/composite IAC -2.70% .  Under the terms of the merger agreement, the Company's shareholders will receive $42.18 per share in cash for each share of Meredith common stock that they hold. 

If you own Meredith   shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/mdp-1

Or please contact:J oshua Rubin, Esq. WeissLaw LLP
305 Broadway, 7 [th] Floor
New York, NY  10007
(212) 682-3025 (888) 593-4771stockinfo@weisslawllp.com

WeissLaw LLP is investigating whether (i) Meredith's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $42.18 per-share offer price adequately compensates Meredith's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.  Notably, a financial analyst set a $58.00 price target for the Company's stock, $15.82 above the offer price.   

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

Cision
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SOURCE WeissLaw LLP

COMTEX_394762052/2454/2021-10-07T22:00:07

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/zigman2/quotes/201770619/composite
US : U.S.: NYSE
$ 59.12
+0.12 +0.20%
Volume: 294,401
Dec. 1, 2021 11:45a
P/E Ratio
10.01
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
$ 130.04
-3.61 -2.70%
Volume: 205,173
Dec. 1, 2021 11:46a
P/E Ratio
11.23
Dividend Yield
N/A
Market Cap
$11.97 billion
Rev. per Employee
$371,668
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