The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Therma...

The Law Office of Abe Shainberg is investigating the Board of Directors of Thermadyne Holdings Corp. (Nasdaq: THMD) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Irving Place Capital. Under the terms of the transaction, Thermadyne shareholders will be entitled to receive $15.00 in cash for each share they own. The transaction, which is expected to be completed in December of 2010, is valued at approximately $422 million.

The investigation concerns whether the Thermadyne Board of Directors breached their fiduciary duties to Thermadyne stockholders by failing to adequately shop the Company before entering into this transaction and whether Irving Place Capital is underpaying for Thermadyne shares. Thermadyne stock traded as high as $15.19 per share as recently as October 4, 2010 and at least one analyst set a price target for Thermadyne stock at $18.35 per share.

If you own common stock in Thermadyne and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at as@ashainberglaw.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/thermadyne-thmd.html.

Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.

Thermadyne Hldgs Corp (MM) (NASDAQ:THMD)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024