San Diego, Jan. 30, 2012 (Shareholders Foundation) -- The announcement by ABB that it will acquire Thomas & Betts Corporation (NYSE:TNB) for $72 per share prompted an investigation for investors in NYSE:TNB shares concerning whether the offer to acquire Thomas & Betts Corp. and the buyout process are unfair to investors in Thomas & Betts (NYSE:TNB) shares.

The investigations by law firms concern whether Thomas & Betts Corporation, certain officers and directors, and/or others breached their fiduciary duties to Thomas & Betts Corp (TNB) investors in connection with the proposed acquisition.

On Monday, Jan. 30, 2012, Thomas & Betts Corporation (NYSE: TNB) and ABB (NYSE: ABB) announced that both companies boards of directors have agreed to a transaction in which ABB will acquire Thomas & Betts for $72 per share in cash or approximately $3.9 billion.

Following the takeover announcement shares of Thomas & Betts Corporation (Public, NYSE:TNB) jumped from $57.95 on Friday to $71.24 on Monday.

However, Thomas & Betts financial performance increased over the past years. Its Total Revenue increased from $1.83billion for a 52weeks period ending on Dec. 31, 2009 to $2.00bilion for a 52weeks period ending on Dec. 31, 2010.


Therefore the investigation for NYSE:TNB investors concerns whether the Thomas & Betts Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Thomas & Betts Corporation (NYSE:TNB) shareholders by failing to adequately shop the Company before entering into this transaction. The investigation also focuses on whether offer by ABB undervalues NYSE:TNB shares. A potential securities class action lawsuit would seek to maximize the amount of money and information Thomas & Betts Corp (TNB) shareholders would receive in a buyout, so the law firm.