Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Thermadyne Holdings Corp...
05 Octobre 2010 - 4:34PM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Thermadyne Holdings Corporation ("Thermadyne"
or the "Company") (Nasdaq: THMD) for possible breaches of fiduciary
duty and other violations of state law in connection with their
attempt to complete a sale of the Company to affiliates of Irving
Place Capital. Under the terms of the proposed transaction,
Thermadyne shareholders are to receive $15.00 in cash, for a total
transaction value of approximately $422 million.
The investigation involves whether the Board of Directors of
Thermadyne breached their fiduciary duties to Thermadyne
stockholders by failing to adequately shop the Company before
agreeing to enter into the transaction and whether Thermadyne has
disclosed all material information to shareholders about the
proposed transaction. Specifically, according to Yahoo Finance, one
analyst’s target price for the stock is $18.35 per share.
If you own stock in Thermadyne and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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