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SCRIPPS NETWORKS

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Scripps(SNI) Alert: J&W Investigates Proposed Sale of Scripps Networks Interactive, Inc.

07/31/2017 | 08:27am EST

SAN DIEGO, July 31, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) has launched an investigation into whether the board members of Scripps Networks Interactive, Inc. (NASDAQ: SNI) ("Scripps") breached their fiduciary duties in connection with the proposed sale of the Company to Discovery Communications, Inc. ("Discovery"). Scripps develops lifestyle-oriented content in the United States, the United Kingdom and other European markets, the Middle East and Africa, the Asia-Pacific, and Latin America.

On July 31, 2017, Scripps announced that it had signed a definitive merger agreement with Discovery. Terms of the deal call for Scripps shareholders to receive $90 per share, comprised of $63.00 per share in cash and $27.00 per share in Class C Common shares of Discovery stock, based on Discovery's Friday, July 21 closing price; the stock portion will be subject to a collar.

The investigation concerns whether the Scripps board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Scripps shares of common stock.

If you are a shareholder of Scripps and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471.

About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

View original content:http://www.prnewswire.com/news-releases/scrippssni-alert-jw-investigates-proposed-sale-of-scripps-networks-interactive-inc-300496505.html

SOURCE Johnson & Weaver, LLP


ę PRNewswire 2017
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