The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

Finkelstein Thompson LLP Announces Investigation of Titanium Metals Corporation

Monday, November 12, 2012

Finkelstein Thompson LLP Announces Investigation of Titanium Metals Corporation18:08 EST Monday, November 12, 2012 WASHINGTON (Business Wire) -- The law firm Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Titanium Metals Corp. (NASDAQ: TIE) (“Titanium” or “the Company”), concerning the proposed acquisition of the Company by Precision Castparts Corp. (NASDAQ: PCP). Under the terms of the transaction, Titanium shareholders would only receive $16.50 per share in cash, and at least one analyst has set a target price of $20.00 per share. The total value of the transaction is approximately $2.9 billion. The investigation is focused on the potential unfairness of the consideration to Titanium shareholders, the process by which the Company's Board of Directors is considering the transaction, and potential conflicts of interest among Titanium's Board members. If you are interested in discussing your rights as a Titanium shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (202)-337-8000 or by email at Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our website at Attorney advising. Prior results do not guarantee similar outcomes. Finkelstein Thompson LLPRosalee Thomas, 202-337-8000