Kendall Law Group Investigates U.S. Home Systems Inc.
08 Agosto 2012 - 10:52AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating U.S. Home Systems Inc. (NASDAQ: USHS) for
shareholders in connection with the proposed acquisition by Home
Depot Inc. The national securities firm’s investigation seeks to
determine whether U.S. Home Systems and its Board breached their
fiduciary duties by entering into the agreement without properly
shopping for a deal that would provide better value for
shareholders. If you are a U.S. Home Systems shareholder and would
like additional information about your rights, contact the Kendall
Law Group at 877-744-3728 or by email at
investor@kendalllawgroup.com.
On August 7, 2012, the companies announced the definitive merger
agreement under which U.S. Home Systems would be acquired by Home
Depot, in a transaction valued at approximately $93.4 million.
Under the terms of the agreement, U.S. Home Systems stockholders
will receive $12.50 in cash for each share of U.S. Home
Systems/USHS common stock held. According to Thompson/First Call,
analysts have set price targets as high as $14.50 per share for
U.S. Home Systems’ stock. The firm’s investigation seeks to
determine whether U.S. Home Systems and its Board undertook a fair
process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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