NEW YORK, Sept. 3, 2015 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities and shareholder rights law
firm, announces that it is investigating the sale of Millennial
Media, Inc. (NYSE: MM) ("MM" or the "Company") on behalf of its
shareholders. AOL announced that it will acquire Millennial
Media for $1.75 per share.
Our investigation has determined that the offer price of only
$1.75 per share, unfairly
under-values the true going forward inherent value of MM and that
shareholders are not receiving the maximum value for their
shares. Indeed, the book value alone of MM is $1.63 per share, an analyst has projected the
target price of MM stock to be worth $2.15 per share, and the stock hit a high of
$2.29 within the past year. The
investigation further seeks to determine whether the senior
management of MM are entering into this deal for their own
self-interests to the detriment of the Company's shareholders.
If you are a shareholder of MM and would like additional
information as to how the acquisition may affect your rights as a
shareholder, and how you may be eligible to obtain a higher price
for your shares, please contact us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: contact@tripplevy.com
www.tripplevy.com
Tripp Levy PLLC represents individual and institutional
shareholders in mergers and acquisitions transactions and, along
with its affiliate, has recovered billions of dollars for
shareholders in securities actions around the globe. Tripp Levy
PLLC is affiliated with the law firm Milberg LLP. The
National Law Journal has named Milberg one of the "50 Elite Trial
Lawyer Firms" and one of the "50 Leading Plaintiff Firms in
America." Attorney advertising. Prior results do not
indicate a similar outcome.
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SOURCE Tripp Levy PLLC