NEW YORK, March 13, 2012 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, notifies investors of Midas, Inc. (NYSE: MDS) of potential claims of breaches of fiduciary duty and other violations of state law against the board of directors of Midas in connection with the potential sale of the company to TBC Corporation. It was announced that TBC will acquire all of the outstanding common stock of Midas for $11.50 per share through a cash tender offer. The investigation concerns whether the Midas Board of Directors breached their fiduciary duties to stockholders by failing to adequately shop the company and whether TBC is underpaying for Midas' shares, thus unlawfully harming stockholders. If you own Midas common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact Tripp LevyTripp Levy PLLC125 East 82nd Street9th Floor New York, New YorkToll Free: 877-772-3975Email: email@example.com Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome. SOURCE Tripp Levy PLLC
Shares of Midas (NYSE:MDS) have taken a tremendous swing upward. The stock is trading at $11.47 as of 9:30 a.m. ET, 27.6% above Monday's closing price of $8.99. Volume is at 6.8 million, 199 times the daily average of 34,200.