Kendall Law Group, led by former federal judge Joe Kendall, is investigating Thomas and Betts (NYSE: TNB) for shareholders in connection with the proposed acquisition by Swiss engineering group, ABB. The national securities firm’s investigation seeks to determine whether Thomas and Betts and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a Thomas and Betts shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com. On January 30, 2012, the companies announced the definitive merger agreement under which Thomas and Betts would be acquired by ABB, in a transaction valued at approximately $3.9 billion. Under the terms of the agreement, Thomas and Betts stockholders will receive $72 in cash for each share of Thomas and Betts (NYSE: TNB) common stock held. The firm’s investigation seeks to determine whether Thomas and its Board undertook a fair process in negotiating the deal. Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Thomas & Betts Corporation (NYSE:TNB) hit a new 52-week high Wednesday as it is currently trading at $72.19, above its previous 52-week high of $72.18 with 879,554 shares traded as of 1:05 p.m. ET. Average volume has been 323,900 shares over the past 30 days.
Thomas & Betts Corporation (NYSE:TNB) hit a new 52-week high Tuesday as it is currently trading at $72.12, above its previous 52-week high of $72.06 with 75,521 shares traded as of 9:35 a.m. ET. Average volume has been 323,900 shares over the past 30 days.