NEW YORK -- (Business Wire)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Titanium
Metals Corporation (“Titanium” or the “Company”) (NYSE: TIE) for
potential breaches of fiduciary duties related to the sale of the
Company to Precision Castparts Corp. (“Precision”) (NYSE: PCP). Under
the terms of the proposed transaction, Titanium’s stockholders will
receive $16.50 per each share of Titanium, while according to Yahoo!
Finance, at least one financial analyst has set a price target of $20
for Titanium. The proposed transaction is structured as a tender offer
and may be effectuated without a shareholder vote. The time is of the
essence since the tender offer is to expire on December 19, 2012.
Furthermore, on November 20, 2012, the Company filed a
Solicitation/Recommendation Statement on Schedule 14D-9 with the S.E.C.,
which recommends that Titanium’s shareholders tender their shares to
Precision without adequate disclosure of all material information.
Request more information now by clicking here: www.faruqilaw.com/TIE.There is no cost or obligation to you.
The investigation focuses on whether Titanium’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct an adequate and fair sales process prior to agreeing to this
proposed transaction, whether and by how much this proposed transaction
undervalues the Company to the detriment of Titanium’s shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Titanium and wish to obtain additional
information and protect your investments free of charge, please visit us
or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
York, NY 10017
Attn: Juan E. Monteverde, Esq.
Source: Faruqi & Faruqi, LLP
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