NEW YORK, Nov. 12, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Titanium Metals Corp. ("Titanium Metals" or the "Company") (NYSE: TIE) concerning the proposed acquisition of the Company by Precision Castparts Corp. ("PCC") in a transaction valued at approximately $2.9 billion.
On November 9, 2012, it was announced that Titanium Metals and PCC have entered into a definitive agreement pursuant to which PCC will acquire Titanium Metals. Under the terms of the transaction, Titanium Metals shareholders will receive $16.50 in cash per share held. At least one analyst has set a target price for Titanium Metals stock of $20.00 per share.
Our investigation concerns whether the Titanium Metals board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Titanium Metals shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Email: [email protected]
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP