Thread: US Cable Giant Liberty Global buys Virgin Media
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Old 25-02-2013, 12:14   #360
joglynne
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Re: US Cable Giant Liberty Global buys Virgin Media
Quote:
NASDAQ:VMED Investor Notice: Lawsuit to Stop Takeover of Virgin Media Inc. filed.

The Shareholders Foundation announces that an investor in shares of Virgin Media Inc. (NASDAQ:VMED) filed a lawsuit in effort to stop the proposed takeover of Virgin Media by Liberty Global, Inc. at a value of approximately $47.87 per NASDAQ:VMED share.
http://empowerednews.net/nasdaqvmed-...filed/1835712/

I have been reading about the allegations that the Virgin Media Board breached their fiduciary duties ever since the details of the takeover became public but now it appears that the Shareholders Foundation have decided to challenge the takeover in the courts.
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