241917 shares of WBD for each AT&T share owned. AT&T received directly from WBD the balance of the outstanding and issued WBD common shares and contemporaneously distributed those shares to AT&T’s shareholders. Each Discovery common shareholder received in the Merger one share of WBD common stock for each Discovery common share owned, and each Discovery preferred shareholder received shares of WBD common stock in an agreed ratio. Pursuant to the Merger, Discovery combined its business with WarnerMedia to form WBD.
The Merger was announced on and closed on April 8, 2022.
The lawsuit relates to the merger (the “Merger”) between Discovery and the WarnerMedia division of AT&T, Inc. The lawsuit was filed in the United States District Court for the Southern District of New York and alleges violations of the Securities Act of 1933. (“WBD”) (NASDAQ: WBD) common stock pursuant or traceable to Discovery’s FebruRegistration Statement on Form S-4 (the “Registration Statement”) and Joint Proxy Statement/Prospectus filed with the SEC on Febru(the “Prospectus”), or (2) purchased shares of WBD common stock on the open market traceable to the Prospectus through the date of the filing of the complaint. (“Discovery”) common stock for Warner Bros.
18, 2022 (GLOBE NEWSWIRE) - Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who: (1) exchanged Discovery, Inc. Shareholder Class Action Lawsuit or contact Peter Allocco at (212) 951-2030 or to discuss your rights. Discovery? If so, please visit Warner Bros. Did you lose money on investments in Warner Bros.
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