Business & Finance
Mon, January 9, 2012Sun, January 8, 2012Sat, January 7, 2012Fri, January 6, 2012Thu, January 5, 2012Wed, January 4, 2012Tue, January 3, 2012Mon, January 2, 2012Sat, December 31, 2011Fri, December 30, 2011Thu, December 29, 2011Wed, December 28, 2011Bull & Lifshitz, LLP Announces Investigation of Delphi Financial Group, Inc.
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Published in Business and Finance on Wednesday, January 4th 2012 at 14:01 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
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Bull & Lifshitz, LLP Announces Investigation of Delphi Financial Group, Inc. -- NEW YORK, Jan. 4, 2012 /PRNewswire/ --
Bull & Lifshitz, LLP Announces Investigation of Delphi Financial Group, Inc.
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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