DALLAS - Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of U.S. Home Systems, Inc. (“U.S. Home Systems” or “USHS”) (NASDAQ: USHS) to The Home Depot for shareholders. Under the proposed transaction, U.S. Home Systems shareholders will receive $12.50 per share for each share of U.S. Home Systems stock owned. The proposed price is below the $14.75 that U.S. Home Systems shares traded for on March 1, 2012.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The proposed transaction is valued at approximately $93.4 million.
The investigation centers on whether U.S. Home Systems shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues U.S. Home Systems stock, and whether U.S. Home Systems’ board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, as recently as March 1, 2012, shares of U.S. Home Systems traded for $14.75. “Due to these factors, we believe that the transaction may undervalue U.S. Home Systems stock. Our lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
Source: The Briscoe Law Firm and Powers Taylor