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Virgin Media, Inc. Message Board

kovted 3 posts  |  Last Activity: 18 hours ago Member since: May 21, 2002
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  • Reply to

    NEWSPAPER ARTICLE - MERGER UNFAIR

    by kovted 22 hours ago

    I just got the merger agreement from the law firm and it shows that management put in a penalty fee of over $1 million that goes to them if another company wants to make a higher offer. Basically, they are trying to prevent higher offers from coming in. This doesn't seem right to me.

  • FYI….

    Under the terms of the transaction, the percentage of the combined company that Zalicus shareholders will own as of the closing of the merger is subject to an adjustment at closing based on the level of Zalicus net cash at closing. However, if the merger were to close today, the stockholders of Zalicus would own only 14% of the combined company.

    The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Zalicus for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue Zalicus and may result in a substantial loss for many long term holders of Zalicus stock. For example, Zalicus stock traded at $7.08 per share as recently as October 1, 2013 and traded at $8.88 per share on August 31, 2012.

    For more information contact law firm who is representing shareholders of Zalicus at 877-772-3975.

  • A proposed shareholder lawsuit on behalf of shareholders of Lin Media is being prepared to be filed in the state court of delaware. the lawsuit alleges that the merger price is unfairly low and that a full and fair process to sell the company so that shareholders received the highest price possible did not occur. If you would like a copy of the complaint along with information as to how you can join please contact toll free 1-877-772-3975

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