Faruqi & Faruqi Investigation: Millennial Media Incorporated
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Millennial Media Incorporated (“Millennial Media” or the “Company”) (NYSE:MM) for potential breaches of fiduciary duties in connection with the sale of the Company to AOL for approximately $238 in a cash transaction.
The Company’s stockholders will only receive $1.75 for each share of Company common stock they own. However, the offer is significantly below the target price of $2.15 set by an analyst at Canaccord Genuity on August 10, 2015.
If you own common stock in Millennial Media and wish to obtain additional information and protect your investments free of charge, please contact F&F's Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.