Law Firm Investigating U.S. Home Deal
[Thursday, August 09, 2012] The Law office of Brodsky & Smith, LLC announced today that it is investigating potential claims against the Board of Directors of U.S. Home Systems, Inc. relating to the proposed acquisition by The Home Depot, Inc., writing in a press release:
“Under the terms of the transaction, U.S. Home shareholders would receive only $12.50 in cash for each share of U.S. Home stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of U.S. Home for not acting in the Company's shareholders' best interests in connection with the sale process to The Home Depot. The transaction may undervalue Company as U.S. Home stock traded at $14.75 on March 1, 2012 and an analyst has set a $14.50 price target for U.S. Home stock.”
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