Levi & Korsinsky is investigating the Board of Directors of Midas, Inc. (“Midas” or the “Company”) (NYSE: MDS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to TBC Corporation. Under the terms of the agreement, Midas shareholders will receive $11.50 for each share of Midas stock they own. The transaction has a total approximate value of $310 million, including the assumption of debt and pension liabilities.
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The investigation concerns whether the Midas Board of Directors breached their fiduciary duties to Midas stockholders by failing to adequately shop the Company before entering into this transaction and whether TBC Corporation is underpaying for Midas shares, thus unlawfully harming Midas stockholders.
If you own common stock in Midas and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.