Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Thomas Weisel Partners Group, Inc.
28 April 2010 - 11:00AM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Thomas Weisel Partners Group, Inc. (“Thomas Weisel Partners” or the
“Company”) (NASDAQ:TWPG) related to the Company’s agreement to be
acquired by Stifel Financial Corp. (“Stifel Financial”). The
proposed transaction is valued at approximately $300 million.
Under the terms of the definitive agreement entered into by the
parties, each Thomas Weisel Partners share will be exchanged for
0.1364 shares of Stifel Financial common stock – or approximately
$7.60 per Thomas Weisel Partners share, based on the $55.74
per-share closing price of Stifel Financial stock on April 23,
2010. Upon completion of the merger, Thomas Weisel Partners will be
merged into a subsidiary of Stifel Financial and become a wholly
owned subsidiary of Stifel Financial. The transaction is expected
to be completed on or about June 30, 2010. The investigation
concerns possible breaches of fiduciary duty and other violations
of law related to approval of the transaction by Thomas Weisel
Partners’ board of directors.
If you own shares of Thomas Weisel Partners, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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