Faruqi & Faruqi, LLP Announces Investigation of Thomas & Betts Corp. (TNB)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Thomas & Betts Corp. (“Thomas & Betts” or the “Company”) (NYSE: TNB) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to ABB Ltd. (NYSE: ABB) in an all-cash deal valued at about $3.9 billion.  Under the terms of the proposed transaction, Thomas & Betts stockholders will receive $72.00 in cash per each share of Thomas & Betts they own.

Whether Thomas & Betts’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Thomas & Betts’ shares and by how much this proposed transaction undervalues the Company to the detriment of Thomas & Betts’ shareholders are the key focus of this investigation.