BOSTON, Jan. 30, 2012 /PRNewswire/ -- Block &
Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors
nationwide, has commenced an investigation into possible breaches
of fiduciary duties by the Board of Directors of Thomas & Betts
Corporation ("Thomas & Betts" or the "Company")
(Ticker: TNB) with regards to the proposed acquisition of the
Company by the Swiss company, ABB. The transaction is for
$72.00 per share, or a paltry 24%
premium over the Company's latest closing price.
Block & Leviton's investigation seeks to determine, among
other things, whether Thomas & Betts' Directors breached their
fiduciary duties by failing to maximize shareholder value in the
proposed transaction. Thomas & Betts' share price had
traded as high as $61.88 in the prior
52-week period and has been steadily rising over the last several
months.
If you are a Thomas & Betts shareholder and have questions
about your legal rights, please contact Mark Alan Delaney at Block & Leviton at
(617) 398-5650 or email him at Mark@blockesq.com.
Block & Leviton is a Boston-based law firm representing investors
for violations of securities laws. The firm's lawyers have
collectively been prosecuting securities cases on behalf of
investors for over 50 years.
This notice may constitute attorney advertising.
|
Contact:
|
BLOCK
& LEVITON LLP
|
|
|
Mark Alan
Delaney, Esq.
|
|
|
Mark@blockesq.com
|
|
|
(617)
389-5650
|
SOURCE Block & Leviton LLP