|By PR Newswire||
|January 8, 2014 12:25 PM EST||
BALA CYNWYD, Pa., Jan. 8, 2014 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Sirius XM Holdings, Inc. ("Sirius XM" or the "Company") (Nasdaq: SIRI) relating to the proposed acquisition by Liberty Media Corp ("Liberty").
Click here to learn more about the investigation http://brodsky-smith.com/701-siri-sirius-xm-holdings-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Sirius XM shareholders will receive only 0.0760 shares of Liberty Series C common stock for each share of Sirius XM stock they own. The transaction values Sirius XM at approximately $3.68 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Sirius XM for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue the Company and will result in a loss or no gain for many Sirius XM shareholders. Sirius XM stock traded above the sale price at $4.13 per share as recently as October 22, 2013 and an analyst has set a $5.80 per share price target on Sirius XM stock.
If you own shares of Sirius XM common stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/701-siri-sirius-xm-holdings-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Brodsky & Smith, LLC
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