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| [December 31, 2012] |
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Duff & Phelps Shareholder Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Sale to Private Equity Firms
DALLAS --(Business Wire)--
Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers
Taylor, LLP are investigating the sale of Duff & Phelps Corporation
("Duff") (NYSE: DUF) to a consortium of private equity firms for
shareholders. Under the terms of the proposed deal valued at
approximately $665.5 million, Duff shareholders will only receive $15.55
in cash for each share of Duff stock owned, well below at least one
analyst's estimated value of $24.00 per share and the 52 week high of
$16.50 per share.
If you are an affected investor, and you want to learn more bout the
lawsuit or join the action, contact Zach Groover at Powers Taylor, LLP,
toll free (877) 728-9607, via e-mail at zach@powerstaylor.com
or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 239-4568, or via
email at WBriscoe@TheBriscoeLawFirm.com.
There is no cost or fee to you.
The Duff sale investigation centers on whether Duff's shareholders are
receiving adequate compensation for their shares in the buyout, whether
the transaction undervalues Duff's stock, and whether Duff's board
attempted to obtain the highest share price for all shareholders prior
to agreeing to the deal. Notably, according to at least one analyst with
Yahoo! Finance, the true inherent value of Duff could be as high as
$24.00 per share. Shareholder rights attorney Willie Briscoe stated that
"due to the proposed sale price, the size of the deal and other factors,
we believe that this transaction may undervalue Duff's stock. Our
lawsuit will seek to obtain the highest share price for all
shareholders."
The
Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience
in complex litigation and transactional matters.
Powers
Taylor, LLP is a boutique litigation law firm that handles a variety
of complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits,
and security class actions.

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