Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Thermadyne Holdings Corp. in Connection w...

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Thermadyne Holdings Corporation (“Thermadyne” or the “Company”) (NASDAQ:THMD) related to the Company’s agreement to be acquired by affiliates of private equity firm Irving Place Capital. The proposed transaction is valued at approximately $422 million.

Under the terms of the definitive agreement entered into by the parties, Thermadyne shareholders will receive $15.00 in cash for each share of the Company’s common stock they own. Investment funds managed by Angelo, Gordon & Co., L.P., which collectively own approximately 33 percent 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 transaction is expected to close in December 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Thermadyne’s board of directors.

If you are a shareholder of Thermadyne, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Thermadyne Hldgs Corp (MM) (NASDAQ:THMD)
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