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Note: The class-action suit claims the deal has an unfair price and Virgin Mobile didn't take adequate steps to maximize shareholder value.
A class-action lawsuit claims Sprint Nextel's acquisition bid for Virgin Mobile severely undervalues the prepaid carrier.
The lawsuit was filed in New Jersey by the law firm Levi & Korinsky, and it alleges the deal would be unfair because it does not take adequate steps to maximize value for Virgin Mobile shareholders. The deal...