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Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of DPL Inc. in Connection with the Proposed Ac

^{Published on 2011-04-20 16:40:46 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of DPL Inc. (aDPLa or the aCompanya) (NYSE:DPL) related to the Companya™s agreement to be acquired by The AES Corporation in a proposed transaction where DPL shareholders will receive $30.00 in cash for each share they own of the Companya™s stock. The transaction is valued at approximately $3.5 billion.

The investigation concerns whether the board of directors of DPL breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the proposed transaction, and whether the Company has disclosed all material information to shareholders about the transaction. Specifically, the Company has seen substantial growth over the past year and the offer price represents only an approximate 8.7% premium over the closing price of DPL on April 19, 2011, the day before the deal was announced. Further, at least one analyst has set a target price of $31.00 per share, virtually nullifying any premium that DPL shareholders would receive under the terms of the proposed transaction.

If you are a shareholder of DPL, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at 215-638-4847, Toll Free at 888-638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].