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SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation into Possible Breaches of Fiduciary Duty by the Board of Titanium Metals Corporation in Connection with the Sale of the Company to Precision Castparts Corporation
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Titanium
Metals Corporation ("Titanium Metals" or the "Company") (NYSE: TIE) for
possible breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Precision Castparts
Corporation (NYSE: PCP).
Click here to learn more about the investigation http://zlk.9nl.com/titanium-metals-tie,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Titanium Metals shareholders will
receive $16.50 for each share of Titanium Metals stock they own. The
transaction has a total approximate value of $2.9 billion. Shareholders
representing a combined 45% of the Company's shares have already agreed
to tender their shares. The investigation concerns whether the Titanium
Metals Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before entering
into this transaction and whether Precision Castparts Corporation is
underpaying for Titanium Metals shares, thus unlawfully harming Titanium
Metals stockholders. In particular, at least one analyst set a price
target for Titanium Metals stock at $20.00 per share.
If you own common stock in Titanium Metals and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/titanium-metals-tie.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. The
attorneys at Levi & Korsinsky have been appointed by numerous courts
throughout the country to serve as lead counsel on behalf of
shareholders in major securities lawsuits and have successfully
recovered multimillion-dollar damages awards on behalf of investors. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.

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