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Press release from PR Newswire

Buyout Of Virgin Media - Law Firm Seeks Higher Price For Shareholders

Wednesday, February 06, 2013

Buyout Of Virgin Media - Law Firm Seeks Higher Price For Shareholders07:23 EST Wednesday, February 06, 2013NEW YORK, Feb. 6, 2013-- /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Virgin Media, Inc. (NASDAQ: VMED).  Liberty Global will pay about $47.02 for each Virgin Media share based on Tuesday's closing prices, using cash and shares of its class A and C stock.  Under the terms of the deal, Virgin Media shareholders will receive $17.50 in cash, 0.2582 Liberty Global class A shares and 0.1928 Liberty Global class C shares for each Virgin Media share.The investigation concerns whether the board of directors of Virgin engaged in a full and fair auction for the company obtaining the highest price possible for shareholders while not obtaining personal benefits for themselves in selling. Indeed, Richard Branson alone is set to receive approx. $316 million from the sale.  Further, analysts have projected that the company's true inherent value is in excess of the buyout price ($50 per share).If you own Virgin Media common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Tripp Levy Tripp Levy PLLC 125 East 82nd Street 9th Floor New York, New York Toll Free: 877-772-3975 Email: contact@tripplevy.comTripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome. Contacts Tripp Levy PLLCTripp Levy, 877-772-3975contact@tripplevy.comSOURCE Tripp Levy PLLC