Law Firm Brower Piven Announces Investigation of National Financial Partners Corp. Proposed Buyout
22 Avril 2013 - 8:51PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of National Financial
Partners Corp. (“NFP” or the “Company”) (NYSE: NFP) and other
violations of state law by the board of directors of NFP relating
to the proposed buyout of the Company by private equity firm
Madison Dearborn Partners, LLC. The firm’s investigation seeks to
determine, among other things, whether NFP’s board of directors
breached their fiduciary duties by failing to maximize shareholder
value.
As stated in the press release announcing the proposed buyout,
NFP shareholders will receive $25.35 for each share of NFP common
stock they own. According to Yahoo! Finance, the high analyst price
target is $26.00 per NFP share.
If you currently own common stock of NFP and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
National Financial Partners (NYSE:NFP)
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