Rigrodsky & Long, P.A. Investigates Thermadyne Holdings Corporation Buyout

  • Do you own Thermadyne Holdings Corporation common stock?
  • Did you purchase your shares prior to October 5, 2010?
  • Do you feel Irving Place Capital's offer is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Thermadyne Holdings Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Irving Place Capital, in a transaction valued at approximately $422 million.

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Rigrodsky & Long, P.A. Investigates Thermadyne Holdings Corporation Buyout

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Thermadyne Holdings Corporation (“Thermadyne” or the “Company”) (Nasdaq: THMD) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Irving Place Capital, in a transaction valued at approximately $422 million.

 

Under the proposed agreement, Thermadyne’s shareholders will receive $15.00 per share in cash for each share of Thermadyne common stock they own. In addition, investment funds managed by Angelo, Gordon & Co., L.P. (which collectively own approximately 33% of Thermadyne’s outstanding common stock) executed an agreement with an affiliate of Irving Place Capital to vote their shares in favor of the transaction.

 

The investigation concerns whether Thermadyne’s board of directors failed to adequately shop the Company and obtain the best price possible for Thermadyne’s shareholders before entering into the agreement with Irving Place Capital. Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $18.35 per share for Thermadyne stock.

 

If you own the common stock of Thermadyne and purchased your shares before October 5, 2010, 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 Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

 

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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