Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Pandora Media Inc (NYSE: P) acted responsibly on behalf of investors’ profitability in the planned $3.5 billion sale to Sirius XM Holdings Inc (NASDAQ: SIRI).

On September 24, 2018, Pandora Media Inc (NYSE: P) and Sirius XM Holdings Inc (NASDAQ: SIRI) announced that they had entered into a merger agreement. Under the terms of the merger agreement, 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.

Based in Oakland, California, and founded in 2000 Pandora Media Inc provides music discovery platform services in the United States and internationally.

The investigation focuses on whether NYSE: P investors received the highest price and whether the directors of Pandora Media Inc acted in the best interest of Pandora Media Inc company and its shareholders.   

If you purchased Pandora Media Inc (NYSE: P) prior to September 24, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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