Kirby McInerney LLP is investigating potential claims against the Board of Directors of Protective Life Corporation (“Protective Life” or the “Company”) (NYSE:PL) concerning the proposed acquisition of the Company by Dai-ichi Life Insurance Company, Limited (“Dai-ichi Life”). Under the terms of the definitive merger agreement, Protective Life stockholders will receive $70.00 in cash for each share of Protective Life common stock they own, in a transaction valued at approximately $5.7 billion.
The investigation concerns whether the Protective Life Board of Directors violated its fiduciary duties by agreeing to the proposed transaction and whether the proposed consideration adequately values the Company’s common stock.
If you are a Protective Life stockholder and wish to obtain additional information, please contact J. Brandon Walker, Esq. by email at firstname.lastname@example.org, by telephone at (212) 699-1145 or (888) 529-4787, or by filling out this contact form. There is no cost or obligation to you.
Kirby McInerney LLP is a New York-based law firm concentrating in securities, shareholder, whistleblower, antitrust and consumer litigation. For additional information, please go to www.kmllp.com.