Law Office of Brodsky & Smith, LLC Announces Investigation of
Titanium Metals Corporation
BALA CYNWYD, Pa., Nov. 13, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Titanium Metals
Corporation ("Titanium" or the "Company") (NYSE: TIE) relating to
the proposed acquisition by Precision Castparts Corporation
("Precision Castparts").
Under the terms of the transaction, Titanium shareholders will
receive only $16.50 in cash for each
share of Titanium stock they own. The investigation concerns
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Titanium for not acting in the
Company's shareholders' best interests in connection with the sale
process to Precision Castparts. The transaction may undervalue the
Company and will result in no substantial gain or even a loss for
many Titanium shareholders. For example Titanium stock traded at
$20.48 on February 16, 2011 and $16.42 as recently as January 19, 2012. In addition, an analyst has set
a price target for Titanium stock at $20.00 per share.
If you own shares of Titanium stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/504-tie-titanium-metals-corporation.html,
by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
