Press release
Formerly Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA, LEXEB) Investor Alert: Investigation over possible Violations of Securities Laws
An investigation for investors in formerly Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA, LEXEB) shares, now holding Expedia Group
Investors who held Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA, LEXEB) shares and received shares of Expedia Group, Inc. (NASDAQ: EXPE) due to the takeover of Liberty Expedia Holdings, Inc by Expedia Group, Inc., have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements. in connection with the takeover of Liberty Expedia Holdings, Inc by Expedia Group, Inc. were false and misleading at the time they were made.
On April 16, 2019, Expedia Group, Inc. (NASDAQ: EXPE) and Liberty Expedia Holdings, Inc. ("Liberty Expedia") (NASDAQ: LEXEA, LEXEB) announced that they have entered into an agreement under which Expedia Group has agreed to acquire Liberty Expedia in an all-stock transaction. Under the terms of the agreement, each holder of Liberty Expedia Series A common stock and Series B common stock (collectively, "Liberty Expedia common stock") will receive 0.360 of a share of Expedia Group common stock.
In July 2019, Expedia Group, Inc completed its merger with Liberty Expedia Holdings, Inc. (NASDAQ: LEXEA, LEXEB).
However, at the time of the takeover announcement John C. Malone, the Chairman of the Board of Liberty Expedia, and his wife had already agreed to vote shares beneficially owned by them, representing approximately 32% of the aggregate voting power of Liberty Expedia, in favor of the transaction.
Shares of Expedia Group, Inc. (NASDAQ: EXPE) declined from $139.88 per share in October 2019 to as low as $40.76 per share in March 2020.
Those who purchased shares of Liberty Expedia Holdings, Inc. (“Liberty Expedia”) (NASDAQ: LEXEA, LEXEB) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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