PHILADELPHIA, PA / ACCESSWIRE / May 9, 2022 / Investor protection law firm Kaskela Law LLC announces that it is investigating Hemisphere Media Group, Inc. ("Hemisphere") (NASDAQ:HMTV) on behalf of the company's current shareholders.
On May 9, 2022, Hemisphere announced that it had agreed to be acquired by Gato Investments LP ("Gato"), a portfolio investment of Searchlight Capital Partners, L.P. ("Searchlight"), at a price of $7.00 per share. Notably, and prior to a recent decline in value, shares of Hemisphere's stock traded at over $7.00 per share as recently as January 2022. Following the closing of the proposed transaction, shares of Hemisphere's stock will no longer be publicly traded.
The investigation seeks to determine whether Hemisphere and/or the company's officers and directors violated the securities laws or violated their fiduciary duties in connection with the proposed transaction, and whether investors are being provided with all material information about the proposed transaction.
Hemisphere shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 - 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/hemisphere-media-group-inc/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 - 0750
(888) 715 - 1740
www.kaskelalaw.com
SOURCE: Kaskela Law LLC