Cases
Hemisphere Media Group, Inc.
Merger
Overview
Overview
- Date:
- 5/9/2022
- Company Name:
- Hemisphere Media Group, Inc.
- Stock Symbol:
- HMTV
- Company Name - Buyer:
- Gato Investment LP
- Status:
- Investigating
- Merger Announcement Date:
- 5/9/2022
NEW YORK, May 9, 2022 – Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Hemisphere Media Group, Inc. (NASDAQ: HMTV) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by a subsidiary of Gato Investments LP.
On May 9, 2022, Hemisphere announced that it had entered into an agreement to be acquired by Gato Investments in an all-cash deal. Pursuant to the merger agreement, Hemisphere stockholders will receive $7.00 in cash for each share of Hemisphere common stock owned. The deal is scheduled to close in the third quarter of 2022.
Bragar Eagel & Squire is concerned that Hemisphere’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Hemisphere’s stockholders.
On May 9, 2022, Hemisphere announced that it had entered into an agreement to be acquired by Gato Investments in an all-cash deal. Pursuant to the merger agreement, Hemisphere stockholders will receive $7.00 in cash for each share of Hemisphere common stock owned. The deal is scheduled to close in the third quarter of 2022.
Bragar Eagel & Squire is concerned that Hemisphere’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Hemisphere’s stockholders.