WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A.:
- Do you own shares of Virgin America Inc. (NASDAQ GS: VA)?
- Did you purchase any of your shares prior to April 4, 2016?
- Do you think the proposed buyout price 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 Virgin America Inc. (“Virgin America” or the “Company”) (NASDAQ GS: VA) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to be acquired by Alaska Air Group, Inc. (“Alaska Air Group”) (NYSE: ALK), in a transaction valued at approximately $4.0 billion.
Click here to learn more: http://rigrodskylong.com/investigations/virgin-america-inc-va.
Under the terms of the agreement, shareholders of Virgin America will receive $57.00 in cash for each share of Virgin America common stock.
The investigation concerns whether Virgin America’s board of directors failed to adequately shop the Company and obtain the best possible value for Virgin America shareholders before entering into an agreement with Alaska Air Group.
If you own the common stock of Virgin America and purchased your shares before April 4, 2016, 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., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://rigrodskylong.com/investigations/virgin-america-inc-va.
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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