PROTECTIVE LIFE INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Protective Life Corp. (PL) Over the Proposed Sale of the Company to Dai-ichi Life Insurance Co.
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Protective Life Corp. (“Protective Life” or the “Company”) (NYSE: PL) for potential breaches of fiduciary duties in connection with the sale of the Company to Japan-based Dai-ichi Life Insurance Co. for approximately $5.7 billion. The Company’s stockholders will receive $70.00 cash for each share of Protective Life common stock they own.
The investigation focuses on whether Protective Life’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Protective Life’s shareholders.
If you own common stock in Protective Life and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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