Finkelstein Thompson LLP Announces Investigation of Protection One, Inc.
26 Avril 2010 - 9:54PM
Business Wire
Finkelstein Thompson LLP is investigating potential claims on
behalf of shareholders of Protection One, Inc. (“Protection One” or
the “Company”) (Nasdaq: PONE) arising from the Company’s
announcement of its intent to be acquired by affiliates of private
equity firm GTCR (“GTCR”). Under the terms of the agreement, GTCR
will make a cash tender offer to acquire all of Protection One’s
outstanding shares of common stock for $15.50 per share for a total
deal value of approximately $828 million.
The investigation is focused on the potential unfairness of the
price to Protection One’s shareholders and the process by which the
Company’s Board of Directors considered and approved the
transaction, particularly since the Company’s largest shareholders
– Quadrangle Group LLC and Monarch Capital Partners, who together
own 70% of the Company’s outstanding shares – have each executed
agreements to tender (and not withdraw) their shares in the tender
offer.
If you are interested in discussing your rights as a Protection
One shareholder, or have information relating to this
investigation, please contact Finkelstein Thompson's Washington, DC
offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering
outstanding representation to institutional and individual clients
in financial litigation, and has been appointed as lead or co-lead
counsel in dozens of shareholder class actions. Indeed, the firm
has served in leadership roles in cases that have recovered over $1
billion for investors and consumers.
To learn more about Finkelstein Thompson LLP, please visit our
web site at www.finkelsteinthompson.com.
Attorney advertising. Prior results do not guarantee similar
outcomes.
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