Rigrodsky & Long, P.A. Announces Investigation Of Virgin Media Inc. Buyout
WILMINGTON, Del. -- February 14, 2013
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
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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
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 firstname.lastname@example.org, or at:
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
Attorney advertising. Prior results do not guarantee a similar outcome.
Rigrodsky & Long, P.A.
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