Kendall Law Group Investigates Thermadyne Holdings Corporation Acquisition for Shareholders
05 Octobre 2010 - 5:17PM
Business Wire
Kendall Law Group, a national securities firm led by a former
federal judge, is investigating Thermadyne Holdings Corporation
(NASDAQ: THMD) for shareholders in connection with the proposed
acquisition by Irving Place Capital. The firm is investigating
whether Thermadyne properly shopped the Company prior to entering
into the agreement. This possible breach of fiduciary duty may have
kept the Company from reaching a deal that would provide better
value of the Company. If you are a Thermadyne shareholder and would
like additional information about your rights, you are encouraged
to contact the Kendall Law Group at 877-744-3728 or by email at
skendall@kendalllawgroup.com.
On October 5, 2010, the companies announced the definitive
merger agreement under which Thermadyne would be acquired by Irving
Place Capital in a transaction valued at approximately $422
million. Under the terms of the agreement, Thermadyne stockholders
will receive $15.00 in cash for each share of Thermadyne/THMD
common stock held, which represents a less than 2% premium over the
closing price on October 4, 2010. Based on historical stock prices,
the firm believes the transaction significantly undervalues the
company.
Kendall Law Group was founded by former federal judge Joe
Kendall, 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.
Thermadyne Hldgs Corp (MM) (NASDAQ:THMD)
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