Midas, Inc. Breach of Fiduciary Duty Investigation Concerning Sale to TBC Corporation

Current Midas Shareholders Should Contact National Securities Law Firm, Gilman Law at (239) 221-8301 To Discuss Their Rights

The National Securities Law Firm Gilman Law LLP is investigating potential breach of fiduciary

Midas Breach of Fiduciary Duty

Investigation of Midas, Inc. for Potential Breach of Fiduciary Duty

claims by current shareholders of Midas, Inc. (“Midas”) (NYSE: MDS) against the board of directors of Midas in connection with their efforts to sell the Company to TBC Corporation in a transaction valued at approximately $310 million.

On March 13, 2012, Midas announced that it had entered into a definitive merger agreement to be acquired by TBC Corporation.  According to the terms of the deal, Midas shareholders will receive $11.50 in cash for each share of MDS stock owned. Gilman Law is investigating whether Midas shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Midas stock, and whether Midas’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal.

If you are a current shareholder of Midas and would like to learn more about the breach of fiduciary duty investigation by the National Securities Law Firm Gilman Law LLP, you may contact our office for a free consultation by calling (239) 221-8301 or complete our free consultation form online

About the National Securities Law Firm Gilman Law LLP

The leading national securities law attorneys at Gilman Law have over 32 years of experience litigating securities and other class action cases. Our firm has been involved in all major aspects of securities litigation, including cases involving stock manipulation, securities fraud, investment fraud, and shareholder rights violations, as well as securities class action suits on behalf of both individual and institutional investors.

 

 

Post to Twitter Post to Facebook Post to LinkedIn Send Gmail Post to Delicious Post to StumbleUpon

This entry was posted in Uncategorized. Bookmark the permalink.

Awards & Recognition

Gilman Law LLP and its attorneys have been recognised by the leading legal publications and are listed in:


Avvo Rating
Life Member, Multi-Million Dollar Advocates Forum
Life Member, Million Dollar Advocates Forum
Super Lawyers
Lexis Nexis
LawDragon
Association of Trial Lawyers of America
Massachusetts Association of Woman's Lawyers
American Association of Justice: Leaders Forum
American Bar Association and Member of the ABA Antitrust and Litigation Sections and Forum on Franchising and Litigation Section
Public Investors Arbitration Bar Association