Business & Finance
Business and Finance
Business and Finance
Wed, April 20, 2011 Briscoe Law Firm Investigates DPL Inc. for Shareholders Concerning Acquisition by The AES Corporation
DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of DPL Inc. (aDPL) (NYSE: DPL) related to the proposed buyout of DPL by The AES Corporation (aAESa).
"DPL) (NYSE: DPL) related to the proposed buyout of DPL by The AES Corporation (aAES"
The definitive merger agreement involves an all-cash transaction valued at approximately $3.5 billion. Under the proposed buyout, DPL shareholders will receive only $30.00 in cash for each share of DPL common stock they hold. The transaction is expected to close on the next six to nine months.
The firms are investigating the fairness of the proposed transaction to DPL shareholders and whether DPLa™s Board of Directors acted in the shareholdersa™ best interests. Although the acquisition price represents an approximate 8.7% premium over DPLa™s closing price the day before the announcement, the firms are investigating whether the price offered to DPL shareholders is adequate. The firms are also investigating whether DPLa™s Board of Directors adequately considered all viable alternatives and properly shopped the company before entering into the acquisition agreement.
If you currently own shares of DPL and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.
The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
