Delphi Financial Group
Symbol:
DFG
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of Delphi Financial Group (“Delphi” or the “Company”) (NASDAQ:DFG) concerning the proposed acquisition of Delphi by Tokio Marine Holdings, Inc. (“Tokio”) in a cash transaction valued at approximately $2.7B.
The investigation concerns whether the Delphi directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, the Price to Net Income multiple that Tokio would be paying for Delphi is below that of comparable transactions. Delphi Chairman and CEO, Robert Rosenkranz, is a 49.9% shareholder and has agreed to approve the deal.
Delphi shareholders seeking more information about this acquisition are advised to contact Gustavo Bruckner, Esq. at gfbruckner [at] pomlaw [dot] com or 212-661-1100 or toll free at 888-476-6529, ext. 302. Shareholders may also contact Rachelle R. Boyle at rrboyle [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 237.
