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TNB Thomas & Betts Corp.

71.99
0.00 (0.00%)
15 Nov 2024 - Closed
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 00:00:00

Glancy Binkow & Goldberg LLP Announces Investigation of Thomas & Betts Corporation

30/01/2012 6:47pm

Business Wire


Thomas Betts (NYSE:TNB)
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Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Thomas & Betts Corporation (“Thomas & Betts” or the “Company”) (NYSE:TNB) related to the proposed acquisition of the Company by ABB Limited. The transaction is valued at approximately $3.9 billion or $72.00 per share.

The investigation concerns whether the Board of Directors of Thomas & Betts breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. The Company has seen substantial recent growth. Its share price has skyrocketed from $37.95 on August 22, 2011, to $58.18 on January 20, 2012.

If you are a shareholder of Thomas & Betts, 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 Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll Free at 888-773-9224 or by email to shareholders@glancylaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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