NEW YORK, Jan. 9, 2014 /PRNewswire/ -- 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.
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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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
SOURCE Levi & Korsinsky, LLP