Kendall Law Group Announces New Development in the Thermadyne Holdings Corporation Acquisition Investigation

Kendall Law Group, a national securities firm led by a former federal judge with attorneys that include a former U.S. Attorney, is investigating Thermadyne Holdings Corporation (NASDAQ: THMD) for shareholders in connection to the proposed acquisition by Irving Place Capital. The firm’s investigation seeks to determine whether Thermadyne and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Thermadyne shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com.

According to a confidential source, Thermadyne directors and officers were engaged in discussions with at least three entities regarding a potential merger. Two of the entities were identified as Thermadyne competitors Illinois Tool Works Inc. and Lincoln Electric Holdings Inc. 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. Shareholders are entitled to more information regarding the existence of potential competing bidders.

Kendall Law Group was founded by a former federal judge, 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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