Levi & Korsinsky is investigating the Board of Directors of Thomas & Betts Corporation (“Thomas & Betts” or the “Company”) (NYSE: TNB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to ABB (NYSE: ABB). Under the terms of the transaction, Thomas & Betts shareholders will receive $72 per share of Thomas & Betts stock they own. The transaction has a total approximate value of $3.9 billion. Click here to learn more about the investigation: http://www.zlk.com/thomas-betts-tnb, or call: 877-363-5972. The investigation concerns whether the Thomas & Betts Board of Directors breached their fiduciary duties to Thomas & Betts stockholders by failing to adequately shop the Company before entering into this transaction and whether ABB is underpaying for Thomas & Betts shares, thus unlawfully harming Thomas & Betts stockholders. If you own common stock in Thomas & Betts and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com. Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. 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 litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
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.