Law Office of Brodsky & Smith, LLC Announces Investigation of Duff & Phelps Corporation
January 12 2013 - 12:30PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Duff & Phelps Corporation (“Duff & Phelps” or the
“Company”) (NYSE: DUF) relating to the proposed acquisition by a
consortium including The Carlyle Group, Stone Point Capital LLC,
Pictet & Cie and Edmond de Rothschild Group.
Under the terms of the transaction, Duff & Phelps
shareholders will receive only $15.55 in cash for each Duff &
Phelps stock they own. The investigation concerns possible breaches
of fiduciary duty and other violations of state law by the Board of
Directors of Duff & Phelps for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue the Company and will result in loss
for many long term Duff & Phelps shareholders. For example Duff
& Phelps stock traded at $16.20 as recently as April 25, 2012
and $17.64 on February 1, 2011. In addition, the price being
offered is below an analyst price target for Duff & Phelps
stock.
If you own shares of Duff & Phelps stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/525-duf-duff--phelps-corporation.html, by
calling toll free 877-LEGAL-90.
Duff & Phelps Corp. Class A (NYSE:DUF)
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