Levi & Korsinsky is investigating the Board of Directors of Sirius XM
Holdings, Inc. (“Sirius XM” or “the Company”) (NasdaqGS: SIRI) for
possible breaches of fiduciary duty and other violations of state law in
connection with the proposed sale of the Company to Liberty Media Corp.,
a majority shareholder.
Click here to learn more about the action http://zlk.9nl.com/siriusxm-siri,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of proposed transaction, Sirius XM shareholders would
receive 0.0760 shares of Liberty’s Series C common stock for each Sirius
XM share they own, representing a value of approximately $3.68 per
share. The investigation concerns whether the Sirius XM Board of
Directors is engaging in a fair and adequate sales process and acting in
shareholders best interest. Liberty Media executives have five seats on
Sirius XM’s Board of Directors.
If you own Sirius XM common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/siriusxm-siri.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
Copyright Business Wire 2014