DALLAS, Dec. 21, 2011 /PRNewswire/ -- Former United
States Securities and Exchange Commission attorney Willie Briscoe
and the securities litigation firm of Powers Taylor, LLP are
investigating the sale Delphi Financial Group ("Delphi" or "DFG")
(NYSE: DFG) to Tokio Marine Holdings, Inc. for DFG
shareholders. In an all cash transaction, under the proposed
acquisition, DFG's shareholders will receive $43.875 per Class A share and $52.875 per Class B share. Additionally, Delphi
shareholders will receive $1.00 per
share pursuant to a one-time special dividend from Delphi for each
share of Class A and Class B stock owned.
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If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free
(877) 728-9607, via e-mail at patrick@powerstaylor.com, or
Willie Briscoe at The Briscoe Law
Firm, PLLC, (214) 706-9314, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to
you.
Under the terms of the definitive acquisition agreement, this
transaction has an approximate value of $2.7
billion.
The investigation centers on whether DFG's board of directors
adequately shopped the Company to obtain the best price possible
for DFG shareholders before accepting the terms of sale with Tokio
Marine Holdings, Inc. Notably, Robert
Rosenkranz, chairman and chief executive officer of Delphi,
and representative of 49.9% of Delphi votes, has agreed to vote in
favor of the transaction.
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.
SOURCE Powers Taylor, LLP