Midas, Inc. Investor Alert: The Briscoe Law Firm & Powers Taylor, LLP Investigate the Board of Midas, Inc. Concerning the Pro...
March 14 2012 - 5:47PM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe and the securities litigation firm of Powers Taylor,
LLP are investigating the sale of Midas, Inc. (“Midas” or “MDS”)
(NYSE: MDS) to TBC Corporation for shareholders. Under the proposed
transaction, MDS shareholders will receive $11.50 in cash for each
share of MDS stock owned.
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The definitive merger agreement involves an all cash transaction
with a total equity value of approximately $310 million.
The investigation centers on whether MDS shareholders are
receiving adequate compensation for their shares in the buyout,
whether the transaction undervalues MDS stock, and whether Midas’
board attempted to obtain the highest share price for all
shareholders prior to agreeing to the deal.
The Briscoe Law Firm, PLLC is a full service business litigation
and shareholder rights advocacy firm with more than 20 years of
experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
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