NEW YORK, Feb. 21, 2013 /PRNewswire/ -- Morgan & Morgan is investigating potential claims against the Board of Directors of Virgin Media, Inc. ("Virgin Media" or the "Company") (NasdaqGS: VMED) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Liberty Global Inc. ("Liberty Global") (NasdaqGS: LBTYA).
If you are currently a shareholder of Virgin Media and are interested in learning more about our Virgin Media shareholder lawsuit investigation, please contact George Pressly, Esq. at 1 (800) 631-6234 or email George at info@morgansecuritieslaw.com.
Under the terms of the transaction, Virgin Media shareholders will receive $17.50 in cash, 0.2582 of Liberty Global Class A shares, and 0.1928 of a Liberty Global Class C shares for each share of Virgin Media stock they own, representing a value of approximately $47.87 per share.
Our investigation concerns whether Virgin Media's Board of Directors breached its fiduciary duties to act in the best interests of Virgin Media's shareholders and whether the Board has taken all necessary steps to ensure that Virgin Media's shareholders receive the maximum value readily available for their shares of Virgin Media common stock.
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Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY 10036
1-800-631-6234
info@morgansecuritieslaw.com
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