ACQUISITION OF VIRGIN MEDIA - LAW FIRM SEEKS HIGHER PRICE FOR SHAREHOLDERS
February 6, 2013
New York, New York
Tripp Levy PLLC, a leading national securities and shareholders rights law firm announces that it is investigating the acquisition of Virgin Media, Inc. Liberty 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 Media share.
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, analysts have projected that the company's true inherent takeover value is in excess of the buyout price.
If you are a Virgin Media shareholder and would like additional information concerning this matter at no cost please contact us toll free at 1-877-772-3975 or email at contact @ tripplevy