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| [December 31, 2012] |
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Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Duff & Phelps Corporation's Proposed Acquisition by The Carlyle Group and Others
SAN DIEGO --(Business Wire)--
Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating
whether members of the board of directors of Duff & Phelps (NYSE: DUF)
breached their fiduciary duties in connection with the proposed
acquisition by a group of investors and certain Duff & Phelps officers.
The investor group is comprised of The Carlyle Group, Stone Point
Capital, Pictet & Cie and Edmond de Rothschild Group.
On December 31, 2012, the investor group announced that they had entered
into definitive merger agreements to acquire DUF for $15.55 a share.
The investigation will determine whether DUF's Board of Directors
breached their fiduciary duties to stockholders by failing to
satisfatorily shop the Company before entering into this agreement. One
analyst's price target for DUF stock is $24.00 per share which is nearly
36% higher than the $15.50 offered by the investor group. Jim Baker,
lead analyst for Johnson & Weaver, stated that, "The investor group's
offer appears to be lower than I would expect based on market
valuation." Baker continued, "Duff and Phelps' stock trades at a
relatively low PE ratio and revenues and earnings are expected to grow
substantially next year."
If you are a DUF shareholder and are interested in learning more about
the investigation or your legal rights and remedies, please contact
attorney Brett Weaver (brettw@johnsonandweaver.com)
at 619-230-0063.
Johnson & Weaver, LLP is a nationally recognized shareholders' rights
law firm. The firm represents individual and institutional investors in
shareholder derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

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