According to the Complaint, Gannett Co., Inc. is a digitally focused media and marketing solutions company committed to strengthening communities across its network. The Company’s brands include USA TODAY NETWORK with USA TODAY and more than 100 local media brands, digital marketing services companies ReachLocal, WordStream and SweetIQ, and U.K. media company Newsquest.

This action stems from a proposed transaction announced on August 5, 2019, pursuant to which Gannett Co., Inc. will be acquired by New Media Investment Group Inc.

On August 5, 2019, Gannett’s Board of Directors caused the Company to enter into an agreement and plan of merger with New Media. Pursuant to the terms of the Merger Agreement, Gannett’s stockholders will receive $6.25 in cash and 0.5427 of a share of Parent stock for each share of Gannett common stock they own.

On August 29, 2019, Defendants filed a Form S-4 Registration Statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction. The Complaint alleges that the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

This case was voluntarily dismissed on December 11, 2019.