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 per share.
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 shareholders.”
The 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.Powers 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.
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