Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Protection One, Inc. (“Protection One” or the “Company”) (NASDAQ:PONE) related to the Company’s agreement to be acquired by affiliates of private equity firm GTCR. The proposed transaction is valued at approximately $828 million, including assumed debt.

Under the terms of the definitive agreement entered into by the parties, an affiliate of GTCR will commence a tender offer on or about May 3, 2010, to acquire all of the outstanding common stock of Protection One for $15.50 per share in cash, followed by a merger to acquire all remaining outstanding Protection One shares at that same price. Upon completion of the merger, Protection One will become a private company, wholly owned by an affiliate of GTCR. The transaction is expected to be completed in the second quarter of 2010. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Protection One’s board of directors.

If you own shares of Protection One, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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