Titanium Metals Investor Alert: Briscoe Law Firm And Powers Taylor, LLP Investigate Sale To Precision Castparts
Former United States Securities and Exchange Commission attorney
Briscoe and the securities litigation firm of
Taylor, LLP are investigating the sale of Titanium Metals
Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Titanium Metals Corporation (“Titanium Metals”) (NYSE: TIE) to Precision Castparts Corp. for shareholders. Under the proposed transaction valued at approximately $2.9 billion, Titanium Metals shareholders will only receive $16.50 in cash for each share of Titanium Metals common stock owned, well below at least one analyst’s estimated value of $20.00 per share. If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at email@example.com, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you. The Titanium Metals sale investigation centers on whether Titanium Metals shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Titanium Metals stock, and whether Titanium Metals’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to at least one analyst with Yahoo! Finance, the true inherent value of Titanium Metals could be as high as $20.00 per share. Shareholder rights attorney Willie Briscoe stated that “Based upon the estimated value, the size of the deal, and other factors, we believe that the transaction may undervalue Titanium Metals stock. As such, our proposed lawsuit will seek to obtain the highest share price for all shareholders.” The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
The ex-dividend date for Titanium Metals Corporation (NYSE:TIE) is tomorrow, December 5, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $16.53 as of 9:30 a.m., the dividend yield is 1.8%.