Melange

HMTV ALERT: Julie & Holleman Investigates Potential Legal Claims Related to Proposed Acquisition of Hemisphere Media Group, Inc.

NEW YORK, May 21, 2022 – Shareholder rights law firm Julie & Holleman has launched an investigation into the proposed acquisition of Hemisphere Media Group, Inc. by Gato Investments LP, a portfolio investment of private equity firm Searchlight Capital Partners, L.P. Gato has agreed to buy Hemisphere for $7.00 per share, which is less than half of the company’s 52-week high trading price.

Gato is already Hemisphere’s controlling shareholder, owning 72.3% of Hemisphere’s voting power. On May 9, 2020, Hemisphere announced that it had entered into an agreement under which Gato would acquire the remaining shares of the company.

Julie & Holleman is investigating potential legal claims available to Hemisphere shareholders regarding the proposed acquisition, including claims relating to Gato’s conflicts of interest and the adequacy of the $7.00 per share acquisition price.

Julie & Holleman is a boutique law firm that focuses on shareholder litigation, including derivative actions, mergers and acquisitions cases, securities fraud class actions, and corporate investigations. The firm’s attorneys litigate in state and federal courts across the nation.

This article was shared with Prittle Prattle News as a Press Release.
Must Read – Geo-Political Distress
Follow Us: Facebook Instagram | Twitter YouTube | LinkedIn Pinterest Tumblr
Skip to toolbar