Thomas & Betts
Symbol:
TNB
Class Period:
Status:
Investigating
Documents:
Pomerantz is investigating claims on behalf of investors of Thomas & Betts Corporation (“Thomas & Betts” or the “Company”) (NYSE: TNB) (ISIN: US8843151023) concerning the proposed acquisition of Thomas & Betts by ABB in a cash transaction valued at approximately $3.9 billion.
The investigation concerns whether the Thomas & Betts directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Thomas & Betts shareholders will receive $72.00 for each share of common stock. However, the price to EBITDA and net income multiples that ABB would be paying TNB shareholders is below that of comparable transactions.
Thomas & Betts 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 Rebecca Jarmon at rjarmon [at] pomlaw [dot] com or 212-661-1100 or 888-476-6529, ext. 314.
