BRITISH SKY BDCSTG S/ADR Shareholder Investigation Over Possible Breach of Fiduciary Duty

If you currently hold shares of BRITISH SKY BDCSTG S/ADR (PINK:BSYBY), you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
BRITISH SKY BROADCASTING
Affected Securities: 
PINK: BSYBY

An investigation on behalf of current investors BRITISH SKY BDCSTG S/ADR (PINK:BSYBY) over possible breaches of fiduciary duty by the board of directors of BRITISH SKY BDCSTG S/ADR (Public, PINK:BSYBY) was announced.

The investigation by a law firm focuses on potential breaches of fiduciary duty and other violations of state law by the Board of Directors of BRITISH SKY BDCSTG S/ADR (Public, PINK:BSYBY) arising out of the offer by News Corp. to buy British Sky Broadcasting Group PLC.

British Sky Broadcasting Group plc (Sky) and its subsidiaries operate a pay television service in the United Kingdom and Ireland, as well as broadband and telephony services. British Sky Broadcasting Group plc (ADR) reported in 2007 Total Revenue of $4.551billion, in 2008 $4.952billion, and in 2009 $5.359billion.

On Tuesday, June 15, 2010, News Corporation announces that it approached the Board of British Sky Broadcasting Group plc on Thursday, 10 June 2010, and that British Sky Broadcasting Group PLC has rejected the offer by News Corp. to buy the remaining 61 percent that it does not own of British Sky Broadcasting Group PLC for £7.8 billion ($11.5 billion). BSkyB has said that the proposed price undervalues the company significantly.

Shares of BRITISH SKY BDCSTG S/ADR (PINK:BSYBY) inclined from under $34 per share last week to over $42 per share on June 15, 2010.