MANAGEMENT BUYOUT - LOW PRICE - LAW FIRM SEEKS MORE MONEY FOR SHAREHOLDERS
December 31, 2012
New York, New York -- Tripp Levy PLLC, a leading national securities law firm, announces that it has been retained to represent shareholders of Duff & Phelps. Duff & Phelps Corporation (DUF) announced that it has entered into a definitive merger agreement under which a consortium (“the Consortium”) comprising controlled affiliates of or funds managed by The Carlyle Group, Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group will acquire the Company for $15.55 per share in cash in a transaction valued at approximately $665.5 million.
The lawsuit seeks to determine whether the board of directors of Duff, who are participating in the buyout of the company's shares, have breached their fiduciary duties by not engaging in a full and fair process to obtain a higher value for shareholders. Indeed, analysts have projected that the true going forward inherent value of the company is worth at least $24 per share.
If you are a shareholder of Duff and would like additional information concerning how this buyout at this price affects your rights please contact us toll free at 877-772-3975