The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Thomas & Betts Corporation (“Thomas & Betts”) (NYSE: TNB) and other violations of state law by the board of directors of Thomas & Betts relating to the proposed acquisition of the company by ABB. The firm’s investigation seeks to determine, among other things, whether the board breached its fiduciary duties by failing to maximize shareholder value.
On January 30, 2012, ABB and Thomas & Betts announced that they had entered into a definitive merger agreement providing for ABB to acquire Thomas & Betts for $3.9 billion. Under the terms of the merger agreement, Thomas & Betts shareholders will receive $72.00 for each share of Thomas & Betts common stock held.
If you currently own shares of Thomas & Betts and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at
, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.