Bernstein Liebhard LLP Announces Investigation of Acquisition of Thomas & Betts Corporation
January 30, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Thomas & Betts Corporation (“Thomas & Betts” or the “Company”) (NYSE: TNB) breached its fiduciary duty to its shareholders in agreeing to sell Thomas & Betts to ABB.
Under the terms of the agreement, Thomas & Betts shareholders will receive $72.00 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Thomas & Betts shareholders and the process by which the Thomas & Betts Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Thomas & Betts shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last nine years.