Kendall Law Group Investigates Thomas & Betts
January 30 2012 - 10:58AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Thomas and Betts (NYSE: TNB) for shareholders in
connection with the proposed acquisition by Swiss engineering
group, ABB. The national securities firm’s investigation seeks to
determine whether Thomas and Betts and its Board breached their
fiduciary duties by entering into the agreement without properly
shopping for a deal that would provide better value for
shareholders. If you are a Thomas and Betts shareholder and would
like additional information about your rights, contact the Kendall
Law Group at 877-744-3728 or by email at
investor@kendalllawgroup.com.
On January 30, 2012, the companies announced the definitive
merger agreement under which Thomas and Betts would be acquired by
ABB, in a transaction valued at approximately $3.9 billion. Under
the terms of the agreement, Thomas and Betts stockholders will
receive $72 in cash for each share of Thomas and Betts (NYSE: TNB)
common stock held. The firm’s investigation seeks to determine
whether Thomas and its Board undertook a fair process in
negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
Thomas Betts (NYSE:TNB)
Historical Stock Chart
From Jun 2024 to Jul 2024
Thomas Betts (NYSE:TNB)
Historical Stock Chart
From Jul 2023 to Jul 2024