On or around 01/11/2012 (Notice of voluntarily dismissal)
Filing Date: January 06, 2011
On November 9, 2010, the Company filed a Form 8-K with the Securities and Exchange Commission (“SEC”) to announce that it had entered into an Agreement and Plan of Merger (the “Merger Agreement”) with other Defendants. Pursuant to the Merger Agreement, Defendants plan to acquire all outstanding shares of the Company’s common stock at the price of $2.25 per share. The total cost to acquire all the outstanding shares of VCG common stock has been estimated at $25 million. The consideration offered to VCG shareholders is grossly inadequate and unfair from a financial point of view. The members of the Company’s Board of Directors voted unanimously to approve the Proposed Transaction and the Merger Agreement.
On January 11, 2012, the Plaintiff filed a Notice voluntarily dismissing all claims in this action with prejudice as to all the defendants.
Company & Securities Information
Defendant: VCG Holding Corporation
Headquarters: United States
Ticker Symbol: VCGH
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.