Bull & Lifshitz, LLP Announces Investigation of Delphi Financial Group, Inc.

^{Published on 2012-01-04 14:01:00 - Market Wire}
 

Bull & Lifshitz, LLP Announces Investigation of Delphi Financial Group, Inc. -- NEW YORK, Jan. 4, 2012 /PRNewswire/ --

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NEW YORK, Jan. 4, 2012 /PRNewswire/ -- [ Bull & Lifshitz, LLP ] announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Delphi Financial Group, Inc. (NYSE: [ DFG ]) (referred to as "Delphi" or the "Company") to Tokio Marine Holdings, Inc. ("TMHD"), in a cash transaction valued at approximately $2.7 billion.

Under the terms of the agreement, TMHD will acquire all outstanding shares of Delphi for $43.875 per Class A share and $52.875 per Class B share in cash, through TMHD's wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd.  In addition, Delphi shareholders will receive $1.00 in cash per share pursuant to a one-time special dividend from Delphi for each share of Class A and Class B stock they own.  Delphi Chairman and CEO, Robert Rosenkranz, who represents 49.9% of Delphi votes, has agreed to vote in favor of the transaction.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.

If you are a holder of Delphi common stock and want to discuss your legal rights, you may [ e-mail ] or call [ Bull & Lifshitz, LLP ] who will, without obligation or cost to you, attempt to answer your questions.  

If you are a shareholder of Delphi and would like more information about our investigation, please contact [ Peter D. Bull, Esq. ] by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [ counsel@nyclasslaw.com ].  All e-mail correspondence should make reference to Delphi.

[ Bull & Lifshitz, LLP ] is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions.  For more information about the firm, please visit our website at [ www.nyclasslaw.com ].

ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.  The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone:   212-213-6222
Fax:      212-213-9405
Email: [ counsel@nyclasslaw.com ]

SOURCE Bull & Lifshitz, LLP

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