Case Page

 

Case Status:    ONGOING    
On or around 07/07/2017 (Ongoing date of last review)

Filing Date: July 07, 2017

According to the Complaint, on May 8, 2017, Tribune and Sinclair jointly announced that they had reached a definitive Agreement and Plan of Merger (“Merger Agreement”) under which each outstanding share of Tribune common stock will be exchanged for $35.00 in cash and 0.23 shares of Sinclair (the “Merger Consideration”), representing an implied value of $43.50 per share.

The Complaint alleges Defendants have violated Sections of the Exchange Act by causing a materially incomplete and misleading Form S-4 Registration Statement (the “S-4”) filed with the SEC on June 30, 2017. The Board recommends that Tribune shareholders vote in favor of approving the Proposed Merger at the tentative shareholder special meeting, and agree to exchange their shares pursuant to the terms of the Merger Agreement based on, among other things, the factors examined by the Board to make its recommendation and the opinions rendered by the Company’s financial advisors, Moelis & Company (“Moelis”) and Guggenheim Securities, LLC (“Guggenheim”).

COMPANY INFORMATION:

Sector: Services
Industry: Broadcasting & Cable TV
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: TRCO
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 17-CV-00919
JUDGE:
DATE FILED: 07/07/2017
CLASS PERIOD START: 05/08/2017
CLASS PERIOD END: 07/07/2017
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Faruqi & Faruqi LLP (New York)
    685 3rd Avenue 26th Floor, Faruqi & Faruqi LLP (New York), NY
    212..983.9330 212..983.9331 ·
No Document Title Filing Date