Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Midas, Inc. (“Midas” or the “Company”) (NYSE: MDS) relating to the proposed acquisition by TBC Corporation. (“TBC”). Under the terms of the transaction, Midas shareholders would receive $11.50 in cash for each share of Midas stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Midas for not acting in the Company’s shareholders' best interests in connection with the sale process to TBC. If you own shares of Midas stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, visiting http://brodsky-smith.com/397-mds-midas-inc.html, or by calling toll free 877-LEGAL-90.
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.