Lawsuit Overview
June 17, 2013 (Shareholders Foundation) - An investor, who currently holds NYSE:BLC shares, filed a lawsuit to stop the proposed takeover of Belo Corp by Gannett Co., Inc. for $13.75 per NYSE:BLC share. The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:BLC stockholders by agreeing to sell Belo Corp too cheaply via an unfair process to Gannett Co....
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