The Law Office of Abe Shainberg Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of Therma...
08 Oktober 2010 - 12:22AM
Business Wire
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.
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