DALLAS--(BUSINESS WIRE)--Goldfarb Branham LLP is investigating whether the Board of Directors of PRIMEDIA (NYSE: PRM) violated shareholder protection laws in connection with the buyout by TPG Capital. If you are a PRIMEDIA shareholder – or have knowledge of this transaction – you are encouraged to contact attorney Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com.
“Under the terms of the agreement, PRIMEDIA stockholders will receive $7.10 per share in cash,” securities lawyer Hamilton Lindley said. “Fifty-eight percent of the investors already approved the deal in voting agreements made prior to the announcement to the public. Certain financial multiples – like EBITDA and net income – appear low based on similar acquisitions. Our potential class action lawsuit seeks to ensure that the takeover maximizes value for investors in PRIMEDIA.”
Goldfarb Branham has significant experience representing individual and institutional investors. Lawyers at the firm have represented investors in over 100 shareholder class action cases. A firm securities lawyer, Hamilton Lindley, can be reached at hlindley@goldfarbbranham.com or 877-583-2855 to discuss the impact of this buyout on PRIMEDIA shareholders.
