Rigrodsky & Long, P.A. Announces Investigation Of Virgin Media Inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A.:
Do you own shares of Virgin Media Inc. (NASDAQ GS:VMED)?
Did you purchase any of your shares prior to February 5, 2013?
Do you think the proposed buyout price is too low?
Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Virgin Media Inc. ("Virgin Media" or the "Company") (NASDAQ GS: VMED) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Liberty Global, Inc. ("Liberty Global") (NASDAQ GS: LBTYA, LBTYB, LBTYK) in a transaction valued at approximately $23.3 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/virgin-media-inc-vmed.
Under the terms of the proposal, public shareholders of Virgin Media will receive $17.50 in cash, 0.2582 Liberty Global Series A shares and 0.1928 Liberty Global C shares for each share of Virgin Media they own. Based on Liberty Global's closing stock prices on February 13, 2013, Virgin Media shareholders would have received consideration valued at approximately $46.67 per share.
The investigation concerns whether Virgin Media's board of directors failed to adequately shop the Company and obtain the best possible value for Virgin Media's shareholders before entering into an agreement with Liberty Global.
If you own the common stock of Virgin Media and purchased your shares before February 5, 2013, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/virgin-media-inc-vmed.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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