Management Buyout Of Duff & Phelps - Law Firm Challenges
Fairness Of Price On Behalf Of Shareholders
NEW YORK, Dec. 31, 2012 /PRNewswire/ -- Tripp Levy
PLLC, a leading national securities law firm, announces an
investigation into the proposed acquisition of Duff & Phelps
(NYSE: DUF). Duff & Phelps Corporation (DUF) announced
that it has entered into a definitive merger agreement under which
a consortium ("the Consortium") comprising controlled affiliates of
or funds managed by The Carlyle Group, Stone Point Capital LLC,
Pictet & Cie and Edmond de Rothschild Group will acquire the
Company for $15.55 per share in cash
in a transaction valued at approximately $665.5 million.
The investigation concerns, among other things, whether the
consideration to be paid to Duff shareholders is unfair,
inadequate, and substantially below the fair or inherent value of
Duff. Indeed, analysts have projected that the true going
forward inherent value of the company is worth at least
$24 per share.
The investigation further concerns whether the board of
directors of Duff, including its senior management who are
participating in the buyout of the company's equity may have
breached their fiduciary duties by not acting in shareholders' best
interests in connection with the sale process of Duff.
If you own Duff common stock and you wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact
Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975
Email: contact@tripplevy.com
Tripp Levy PLLC is a national law firm that specializes in
mergers & acquisitions, takeover litigation, shareholder
rights, and corporate governance matters in state and federal
courts throughout the United
States. Attorney advertising. Prior results do not guarantee
a similar outcome.
Contacts
Tripp Levy PLLC
Tripp Levy, 877-772-3975
contact@tripplevy.com
SOURCE Tripp Levy PLLC
