Buyout Of Virgin Media - Law Firm Seeks Higher Price For Shareholders
NEW YORK, Feb. 6, 2013--
NEW YORK, Feb. 6, 2013-- /PRNewswire/ -- Tripp Levy PLLC, a leading national
securities and shareholder rights law firm, announces that it is investigating
the acquisition of Virgin Media, Inc. (NASDAQ: VMED). Liberty Global will pay
about $47.02 for each Virgin Media share based on Tuesday's closing prices,
using cash and shares of its class A and C stock. Under the terms of the
deal, Virgin Media shareholders will receive $17.50 in cash, 0.2582 Liberty
Global class A shares and 0.1928 Liberty Global class C shares for each Virgin
The investigation concerns whether the board of directors of Virgin engaged in
a full and fair auction for the company obtaining the highest price possible
for shareholders while not obtaining personal benefits for themselves in
selling. Indeed, Richard Branson alone is set to receive approx. $316 million
from the sale. Further, analysts have projected that the company's true
inherent value is in excess of the buyout price ($50 per share).
If you own Virgin Media common stock and you wish to discuss this matter with
us, or have any questions concerning your rights and interests with regard to
this matter, please contact
Tripp Levy PLLC
125 East 82^nd Street
New York, New York
Toll Free: 877-772-3975
Tripp Levy PLLC is a national law firm that specializes in mergers &
acquisitions, takeover litigation, shareholder rights, and corporate
governance matters in state and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar outcome.
Tripp Levy PLLC
Tripp Levy, 877-772-3975
SOURCE Tripp Levy PLLC
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