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Kendall Law Group Investigates DPL Inc. Acquisition for Shareholders

^{Published on 2011-04-20 07:50:57 - Market Wire}
 

DALLAS--([ BUSINESS WIRE ])--[ Kendall Law Group ], led by former federal judge Joe Kendall, is investigating DPL Inc. (NYSE:DPL) for shareholders in connection with the proposed acquisition by The AES Corporation. The national securities firma™s investigation seeks to determine whether DPL and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a DPL shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at [ skendall@kendalllawgroup.com ].

On April 20, 2011, the companies announced the definitive merger agreement under which DPL would be acquired by The AES Corporation, in a transaction valued at approximately $3.5 billion. Under the terms of the agreement, DPL stockholders will receive $30.00 in cash for each share of DPL common stock held. The offer price represents an approximate 8.7% premium over the closing price of DPL on April 19, 2011, the day before the deal was announced. The deal is expected to close in the next six to nine months. The firma™s investigation seeks to determine whether DPL and its Board undertook a fair process in negotiating the deal.

Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.