SAN DIEGO, April 4, 2016 /PRNewswire/ -- Shareholder
rights law firm Johnson & Weaver, LLP has launched an
investigation into whether the board members of Virgin America Inc.
(NASDAQ: VA) breached their fiduciary duties in connection with the
proposed sale of the Company to Alaska Air Group, Inc. (NYSE:
ALK).
On April 4, 2016, Virgin America
announced it had signed a definitive merger agreement with Alaska
Air. Under the terms of the agreement, Alaska Air will acquire
Virgin America for $57.00 per share
in cash.
The investigation concerns whether the Virgin America board
failed to satisfy their duties to the Company shareholders,
including whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Virgin America shares of common stock.
If you are a shareholder of Virgin America and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonandweaver.com) at 619-814-4471. If
emailing, please include a phone number where you can be
reached.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder
rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonandweaver.com. Attorney advertising. Past results
do not guarantee future outcomes.
Contact:
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com
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SOURCE Johnson & Weaver, LLP