San Diego, Dec. 21, 2011 (Shareholders Foundation) -- The announcement by Delphi Financial Group that it agreed to be acquired by Tokio Marine Holdings, Inc. for $43.875 per Class A share and $52.875 per Class B share in cash prompted an investigation for investors in Delphi Financial Group, Inc. (NYSE:DFG) shares concerning whether the offer to acquire Delphi Financial Group, Inc. and the buyout process are unfair to investors in NYSE: DFG shares and whether certain officers and directors breached their fiduciary duties.
The investigations by law firms concern whether Delphi Financial Group, certain officers and directors, and/or others breached their fiduciary duties owed Delphi Financial Group, Inc. (DFG) investors in connection with the proposed acquisition.
On Wednesday, December 21, 2011, Delphi Financial Group, Inc. (NYSE:DFG) and Tokio Marine Holdings, Inc. announced that they have entered into an agreement under which Tokio Marine Holdings, Inc.will acquire all outstanding shares of Delphi Financial Group, Inc, for $43.875 per Class A share and $52.875 per Class B share in cash, through Tokio Marine Holdings' wholly owned subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd.. In addition, Delphi Financial Group shareholders will receive $1.00 in cash per share pursuant to a one-time special dividend from Delphi Financial Group for each share of Class A and Class B stock they own.

Following the takeover news shares of Delphi Financial Group, Inc. jumped from $25.43 per share on Dec. 20th to $42.92 on Dec.21, 2011.

However, Founder Robert Rosenkranz, who represents 49.9% of Delphis votes, has already agreed to vote in favor of the transaction.

Therefore the investigation for NYSE:DFG investors concerns whether the Delphi Financial Group, Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Delphi Financial Group, Inc. (NYSE:DFG) shareholders by failing to adequately shop the Company before entering into this transaction.

Delphi Financial Groups performance increased for its investors in the past. Delphi Financial Groups annual Revenue rose from $4.143billion in 2008 to $1.73billion in 2010 and its Net Income increased from $36.68million for 08 to $173.15million for 2010.

A potential securities class action lawsuit would seek to maximize the amount of money and information NYSE:DFG shareholders would receive in a buyout, so the law firm.