DALLAS - Kendall Law Group, led by former federal judge Joe Kendall, is investigating U.S. Home Systems Inc. (NASDAQ: USHS) for shareholders in connection with the proposed acquisition by Home Depot Inc. The national securities firm’s investigation seeks to determine whether U.S. Home Systems and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are a U.S. Home Systems shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On August 7, 2012, the companies announced the definitive merger agreement under which U.S. Home Systems would be acquired by Home Depot, in a transaction valued at approximately $93.4 million. Under the terms of the agreement, U.S. Home Systems stockholders will receive $12.50 in cash for each share of U.S. Home Systems/USHS common stock held. According to Thompson/First Call, analysts have set price targets as high as $14.50 per share for U.S. Home Systems’ stock. The firm’s investigation seeks to determine whether U.S. Home Systems and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
Source: Kendall Law Group LLP
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