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Oct. 8, 2021, 11:55 a.m. EDT

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Meredith Corporation (NYSE - MDP)

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October 08, 2021 (ACCESSWIRE via COMTEX) -- BALA CYNWYD, PA / ACCESSWIRE / October 8, 2021 / Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors ofMeredith Corporation ("Meredith" or the "Company") /zigman2/quotes/201770619/composite MDP +0.08% for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by IAC (Nasdaq - IAC) in an all-cash transaction. Under the terms of the merger agreement, Meredith shareholders will receive only $42.18 for each share of Meredith common stock owned.

The investigation concerns whether the Meredith Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether IAC is paying too little for the Company.

If you own shares of Meredith stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit https://www.brodskysmith.com/cases/meredith-corporation-nyse-mdp/ , or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE: Brodsky & Smith, LLC

View source version on accesswire.com: https://www.accesswire.com/667406/SHAREHOLDER-NOTICE-Brodsky-Smith-Announces-an-Investigation-of-Meredith-Corporation-NYSE--MDP

COMTEX_394793520/2457/2021-10-08T11:55:14

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Copyright 2021 ACCESSWIRE

/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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