Law Firm Brower Piven Announces Investigation in Connection with the Acquisition of Thomas & Betts Corporation by ABB
January 30 2012 - 11:21AM
Business Wire
The law firm of Brower Piven, A Professional Corporation, has
commenced an investigation into possible breaches of fiduciary duty
to current shareholders of Thomas & Betts Corporation (“Thomas
& Betts”) (NYSE: TNB) and other violations of state law by the
board of directors of Thomas & Betts relating to the proposed
acquisition of the company by ABB. The firm’s investigation seeks
to determine, among other things, whether the board breached its
fiduciary duties by failing to maximize shareholder value.
On January 30, 2012, ABB and Thomas & Betts announced that
they had entered into a definitive merger agreement providing for
ABB to acquire Thomas & Betts for $3.9 billion. Under the terms
of the merger agreement, Thomas & Betts shareholders will
receive $72.00 for each share of Thomas & Betts common stock
held.
If you currently own shares of Thomas & Betts and would like
to learn more about the investigation being conducted by Brower
Piven, you may email or call Brower Piven, who will, without
obligation or cost to you, attempt to answer your questions. You
may contact Brower Piven by email at hoffman@browerpiven.com, by
calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating
securities and other class action cases of over 60 years.
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