U.S. Home Systems, Inc. Merger Litigation (Nasdaq: USHS)
Law Office of Brodsky & Smith, LLC Announces Investigation of U.S. Home Systems, Inc.
BALA CYNWYD, August 8, 2012/PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of U.S. Home Systems, Inc. (“U.S. Home” or the “Company”) (Nasdaq- USHS-News) relating to the proposed acquisition by The Home Depot, Inc. (“Home Depot”).
Under the terms of the transaction, U.S. Home shareholders would receive only $12.50 in cash for each share of U.S. Home stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of U.S. Home for not acting in the Company’s shareholders' best interests in connection with the sale process to The Home Depot. The transaction may undervalue Company as U.S. Home stock traded at $14.75 on March 1, 2012 and an analyst has set a $14.50 price target for U.S. Home stock.
If you own shares of U.S. Home 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 firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
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