Titanium Metals Corporation Shareholder Alert: Bernstein Liebhard LLP Announces Investigation of Acquisition by Precision Castparts Corp.
November 12, 2012
Bernstein Liebhard LLP is investigating whether the Board of Directors of Titanium Metals Corporation (“Timet” or the “Company”) (NYSE: TIE) breached its fiduciary duty to its shareholders in agreeing to sell Timet to Precision Castparts Corp. (NYSE: PCP).
Under the terms of the agreement, Timet shareholders will receive $16.50 in cash for each share they own. The investigation is focused on the potential unfairness of the price to Timet shareholders and the process by which the Timet Board of Directors considered and approved the transaction.
Bernstein Liebhard LLP 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 ten years.