Glancy Binkow & Goldberg LLP Announces Investigation of Thomas & Betts Corporation
January 30 2012 - 12:47PM
Business Wire
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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