DALLAS -- (Business Wire)
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of Virgin Media, Inc.
(“Virgin”) (NasdaqGS: VMED) to Liberty Global, Inc. for shareholders.
Under the terms of the proposed sale valued at approximately $23.3
billion, Virgin shareholders will receive $17.50 in cash, 0.2582 Liberty
Global Series A shares and 0.1928 Liberty Global Series C shares for
each share of Virgin stock owned. Based upon Liberty Global’s share
prices on February 4, the total consideration is approximately $47.87
If you are an affected investor, and you want to learn more about the
lawsuit or join the action, please contact Willie Briscoe at The Briscoe
Law Firm, PLLC, (214) 239-4568, via email at WBriscoe@TheBriscoeLawFirm.com
or Zach Groover at Powers Taylor, LLP, toll free (877) 728-9607, via
e-mail at firstname.lastname@example.org.
There is no cost or fee to you.
The Virgin sale investigation centers on whether Virgin’s shareholders
are receiving adequate compensation for their shares in the proposed
going private deal, whether the transaction undervalues Virgin’s stock,
and whether Virgin’s board attempted to obtain the highest share price
for all shareholders prior to agreeing to the deal. According to
shareholder rights attorney Willie Briscoe, “due to the nature of the
cash and stock transaction price, the sale price and other factors, we
believe this transaction may undervalue Virgin’s stock. Our proposed
lawsuit will seek to obtain the highest share price for all
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.
The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
Zach Groover, 877-728-9607
Source: Powers Taylor, LLP
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