The Briscoe Law Firm and Powers Taylor, LLP Investigate the Board of Delphi Financial Group ("DFG") Concerning the Acquisition

^{Published on 2011-12-21 15:51:50 - Market Wire}
 

Delphi Financial Shareholder Alert: The Briscoe Law Firm and Powers Taylor, LLP... -- DALLAS, Dec. 21, 2011 /PRNewswire/ --

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DALLAS, Dec. 21, 2011 /PRNewswire/ -- Former United States Securities and Exchange Commission attorney [ Willie Briscoe ] and the securities litigation firm of [ Powers Taylor, LLP ] are investigating the sale Delphi Financial Group ("Delphi" or "DFG") (NYSE: [ DFG ]) to Tokio Marine Holdings, Inc. for DFG shareholders.  In an all cash transaction, under the proposed acquisition, DFG's shareholders will receive $43.875 per Class A share and $52.875 per Class B share. Additionally, Delphi shareholders will receive $1.00 per share pursuant to a one-time special dividend from Delphi for each share of Class A and Class B stock owned.

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If you are an affected investor, and you want to learn more about the lawsuit or join the action, 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, (214) 706-9314, or via email at [ WBriscoe@TheBriscoeLawFirm.com ].  There is no cost or fee to you.

Under the terms of the definitive acquisition agreement, this transaction has an approximate value of $2.7 billion. 

The investigation centers on whether DFG's board of directors adequately shopped the Company to obtain the best price possible for DFG shareholders before accepting the terms of sale with Tokio Marine Holdings, Inc. Notably, Robert Rosenkranz, chairman and chief executive officer of Delphi, and representative of 49.9% of Delphi votes, has agreed to vote in favor of the transaction.

[ The Briscoe Law Firm, PLLC ] is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.

[ Powers Taylor, LLP ] is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

SOURCE Powers Taylor, LLP

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[ http://www.thebriscoelawfirm.com ]
[ http://www.powerstaylor.com ]