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Rigrodsky & Long, P.A. Announces Investigation of Delphi Financial Group, Inc.as Sale to Tokio Marine Holdings, Inc.


//business-finance.news-articles.net/content/201 .. up-inc-as-sale-to-tokio-marine-holdings-inc.html
Published in Business and Finance on Wednesday, December 21st 2011 at 7:41 GMT by Market Wire   Print publication without navigation


WILMINGTON, Del.--([ ])--[ Rigrodsky & Long, P.A. ] announces that it is investigating potential claims against the board of directors of Delphi Financial Group, Inc. (aDelphia or the aCompanya) (NYSE: [ DFG ]) concerning possible breaches of fiduciary duty and other violations of law related to the Companyas entry into an agreement to be acquired by Tokio Marine Holdings, Inc. (aTokio Marinea) in a transaction with an approximate value of $2.7 billion.

Click here to learn more and to discuss your shareholder rights: [ http://investigations.rigrodskylong.com/delphi-financial-group-inc-dfg/ ].

Under the proposed agreement, Tokio Marine will acquire 100% of the shares of Delphi for $43.875 per Class A share and $52.875 per Class B share in cash. In addition, Delphi shareholders will receive $1.00 in cash per share pursuant to a one-time special dividend from Delphi to be paid shortly after closing.

The investigation concerns whether Delphias board of directors adequately shopped the Company to obtain the best price possible for Delphi shareholders before entering into the agreement with Tokio Marine. Indeed, Delphias Chairman and CEO, Robert Rosenkranz, who represents 49.9% of Delphias votes, has agreed to vote in favor of the transaction.

If you own the common stock of Delphi and purchased your shares before December 21, 2011, 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 [ Seth D. Rigrodsky, Esquire ] or [ Noah R. Wortman, Case Development Director ], of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to [ info@rigrodskylong.com ].

[ Rigrodsky & Long, P.A. ], with offices in Wilmington, Delaware and Garden City, New York, regularly litigates [ securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation ], including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.


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