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Law Office of Brodsky & Smith, LLC Announces Investigation of Quixote Corp.

  //house-home.news-articles.net/content/2010/01/0 .. llc-announces-investigation-of-quixote-corp.html
  Published in House and Home on Thursday, January 7th 2010 at 19:00 GMT by Market Wire
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BEVERLY HILLS, Calif.--([ BUSINESS WIRE ])--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Quixote Corp. ("Quixote" or the "Company") (Nasdaq: Quix) related to the proposed acquisition by Trinity Industries, Inc. ("Trinity") (NYSE: TRN).

Under the terms of the transaction, Quixote stockholders will receive $6.38 in cash for each share of Quixote common stock they own. The transaction is valued at approximately $61 million. The investigation concerns whether the board breached their fiduciary duties by agreeing to an offer price below the 52-week high and by including various deal protections that may prevent other superior offers. These protections include a "Purchaser Option" to acquire additional shares and the board's agreement to pay a $3 million termination fee.

If you are a Quixote shareholder and wish to discuss the legal ramifications of the Board's actions, 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, 9595 Wilshire Blvd., Suite 900, Beverly Hills, CA 90212, by e-mail at [ clients@brodsky-smith.com ], or by calling toll free 877-LEGAL-90.