WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Sirius XM Holdings Inc. (NASDAQ GS: SIRI)?
- Did you purchase any of your shares prior to January 3, 2014?
- Do you think the proposed buyout value is too low?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Sirius XM Holdings Inc. (“Sirius” or the “Company”) (NASDAQ GS: SIRI) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s receipt of a proposal to be acquired by Liberty Media Corporation (“Liberty Media”) (NASDAQ GS: LMCA).
Click here to learn more: http://www.rigrodskylong.com/investigations/sirius-xm-holdings-inc-siri-proposal.
Under the terms of the proposal, public shareholders of Sirius would receive 0.0760 of a new share of Liberty Media Series C common stock for each share of Sirius they own. The proposed exchange ratio of 0.0760 would value Sirius common shares at approximately $3.68 per share based on closing prices of Liberty’s Series A shares on Friday, January 3, 2014.
The investigation concerns the Sirius’s board of directors’ process for consideration of the proposed transaction, whether the Company is acting in its shareholders’ best interests and whether the proposed consideration to be paid to Sirius’s shareholders would be fair and adequate.
If you own the common stock of Sirius and purchased your shares before January 3, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to firstname.lastname@example.org, or at: http://www.rigrodskylong.com/investigations/sirius-xm-holdings-inc-siri-proposal.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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