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Merger News

Levi & Korsinsky is Investigating the Pandora Merger; P Acquisition

Levi & Korsinsky

September 27, 2018

Levi & Korsinsky, LLP is investigating the fairness of the sale of Pandora Media, Inc. (NYSE: P) to Sirius XM Holdings Inc. (NASDAQGS: SIRI). Under the terms of the transaction, Pandora shareholders will receive 1.44 Sirius shares for each share of Pandora stock they own; based on the 30-day volume-weighted average price of Sirius common stock, this represents a value of approximately $10.14 per share. To learn more about the Pandora merger investigation and your rights, go tohttps://www.zlk.com/mna/pandora-media-inc or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Pandora merger investigation concerns whether the Board of Pandora breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Sirius is underpaying for Pandora shares, thus unlawfully harming Pandora shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com