STEVENSON, Md., Feb. 8, 2013 (GLOBE NEWSWIRE) -- Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the Delaware Court of Chancery on behalf of all shareholders of Duff & Phelps ("Duff & Phelps" or the "Company") (NYSE:DUF).
According to the complaint, under the terms of the proposed transaction, The Carlyle Group, Stone Point Capital, LLC, Pictet & Cie and Edmond de Rothschild Group would acquire the outstanding shares of Duff & Phelps it does not currently own for a value of $15.55 per share. The transaction has a total approximate value of $665.5 million. The claims concern, among other things, whether the proposed consideration to be paid to Duff & Phelps shareholders is unfair, inadequate, and substantially below the fair or inherent value of Duff & Phelps. In particular, at least one analyst set a price target for Duff & Phelps stock at $24 per share.
If you own common stock in Duff & Phelps, you may obtain additional information about this lawsuit by contacting Brower Piven at www.browerpiven.com, by email at firstname.lastname@example.org, by calling 410/415-6701, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 40 years. If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.
CONTACT: Charles J. Piven
Brower Piven, A Professional Corporation