THMD Thermadyne Hldgs Corp (MM)

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Thermadyne Holdings Corporation (“Thermadyne” or the “Company”) (Nasdaq: THMD) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Irving Place Capital, in a transaction valued at approximately $422 million. Click here to learn how to join the action: http://www.rigrodskylong.com/Investigations.aspx?ProdId=157143.

Under the proposed agreement, Thermadyne’s shareholders will receive $15.00 per share in cash for each share of Thermadyne common stock they own. In addition, investment funds managed by Angelo, Gordon & Co., L.P. (which collectively own approximately 33% of Thermadyne’s outstanding common stock) executed an agreement with an affiliate of Irving Place Capital to vote their shares in favor of the transaction.

The investigation concerns whether Thermadyne’s board of directors failed to adequately shop the Company and obtain the best price possible for Thermadyne’s shareholders before entering into the agreement with Irving Place Capital. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $18.35 per share for Thermadyne stock.

If you own the common stock of Thermadyne and purchased your shares before October 5, 2010, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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Thermadyne Hldgs Corp (MM) (NASDAQ:THMD)
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