Hemisphere Media Group, Inc.
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HMTV STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE SALE OF HEMISPHERE MEDIA GROUP, INC. IS FAIR TO SHAREHOLDERS
May 9, 2022.
New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the sale of Hemisphere Media Group, Inc. (NASDAQ: HMTV) to a subsidiary of Gato Investments LP for $7.00 per share in cash is fair to Hemisphere Media shareholders.
The investigation concerns whether Hemisphere Media and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Hemisphere Media shareholders; (2) determine whether Gato is underpaying for Hemisphere Media; and (3) disclose all material information necessary for Hemisphere Media shareholders to adequately assess and value the merger consideration. On behalf of Hemisphere Media shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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