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TNB Thomas & Betts Corp.

71.99
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Thomas & Betts Corp. NYSE:TNB NYSE Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 71.99 0.00 01:00:00

Block & Leviton LLP Investigates Thomas & Betts Corporation's Board of Directors for Possible Breaches of Fiduciary Duty

30/01/2012 5:05pm

PR Newswire (US)


Thomas Betts (NYSE:TNB)
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BOSTON, Jan. 30, 2012 /PRNewswire/ -- Block & Leviton LLP (www.blockesq.com), a Boston-based law firm representing investors nationwide, has commenced an investigation into possible breaches of fiduciary duties by the Board of Directors of Thomas & Betts Corporation ("Thomas & Betts" or the "Company") (Ticker: TNB) with regards to the proposed acquisition of the Company by the Swiss company, ABB.  The transaction is for $72.00 per share, or a paltry 24% premium over the Company's latest closing price. 

Block & Leviton's investigation seeks to determine, among other things, whether Thomas & Betts' Directors breached their fiduciary duties by failing to maximize shareholder value in the proposed transaction.  Thomas & Betts' share price had traded as high as $61.88 in the prior 52-week period and has been steadily rising over the last several months. 

If you are a Thomas & Betts shareholder and have questions about your legal rights, please contact Mark Alan Delaney at Block & Leviton at (617) 398-5650 or email him at Mark@blockesq.com.

Block & Leviton is a Boston-based law firm representing investors for violations of securities laws.  The firm's lawyers have collectively been prosecuting securities cases on behalf of investors for over 50 years.

This notice may constitute attorney advertising.

Contact:

BLOCK & LEVITON LLP

 

Mark Alan Delaney, Esq.

 

Mark@blockesq.com 

 

(617) 389-5650

SOURCE Block & Leviton LLP

Copyright 2012 PR Newswire

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