SHAREHOLDER NOTICE:  Brodsky & Smith, LLC Announces an Investigation of Scripps Networks Interactive, Inc. – SNI

 

BALA CYNWYD, July 31, 2017 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Scripps Networks Interactive, Inc. (“Scripps” or “the Company”) (Nasdaq- SNI-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Discovery Communications, Inc.. (“Discovery”).

Under the terms of the transaction, Scripps shareholders will receive only $90.00 per share, comprised of $63.00 in cash and $27.00 in Class C Common shares of Discovery stock for each share of Scripps stock they own. The stock portion is subject to a collar. Scripps shareholders may elect to receive consideration in cash, stock, or a combination of cash and stock. The investigation concerns whether the Board of  Scripps breached their fiduciary duties to shareholders and whether Discovery is underpaying for the Company.

If you own shares of Scripps 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, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll  free 877-LEGAL-90.

Brodsky & Smith, LLC 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.