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STEVENSON, Md.--([ BUSINESS WIRE ])--The law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Delphi Financial Group, Inc. (aDelphia) (NYSE: DFG) and other violations of state law by the board of directors of Delphi relating to the proposed acquisition of the company by Tokio Marine Holdings Inc. (aTMHDa). The firm's investigation seeks to determine, among other things, whether the board breached their fiduciary duties by failing to maximize shareholder value.

On December 21, 2011, Delphi and TMHD announced that they have entered into a definitive agreement pursuant to which TMHD, through its wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd., will acquire all outstanding shares of Delphi for $43.875 per Class A share and $52.875 per Class B share in cash. According to the announcement, shareholders of Delphi will receive $1 in cash per share through a one-time special dividend. The press release states the total transaction value is approximately $2.7 billion.

If you currently own shares of Delphi and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigation securities and other class action cases of over 60 years.