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Briscoe Law Firm Investigates DEI Holdings, Inc. for Shareholders Concerning Going Private Acquisition by Charlesbank Capital P

  //house-home.news-articles.net/content/2011/05/1 .. rivate-acquisition-by-charlesbank-capital-p.html
  Published in House and Home on Monday, May 16th 2011 at 9:20 GMT by Market Wire
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DALLAS--([ BUSINESS WIRE ])--[ The Briscoe Law Firm, PLLC ], founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of [ Powers Taylor, LLP ] are investigating potential legal claims against the Board of Directors of DEI Holdings, Inc. (aDEI Holdingsa or aDEIX.pka) (Pink Sheets: DEIX) related to the buyout of DEI Holdings by the private equity firm Charlesbank Capital Partners.

"We are also investigating whether DEI Holdingsa™ Board of Directors adequately considered all viable alternatives before entering into the agreement"

The definitive going private agreement, which was announced on May 12, 2011, involves an all-cash transaction valued at approximately $285 million, including assumption of debt. Under the proposed buyout, DEI Holdings shareholders will receive between $3.79 and $3.81 in cash for each share of DEI Holdings/DEIX.pk common stock they hold.

The firms are investigating the fairness of the proposed transaction to DEI Holdings shareholders and whether DEI Holdingsa™ Board of Directors acted in the shareholdersa™ best interests. In particular, although the acquisition price represents a premium over DEI Holdingsa™ closing price the day before the announcement, DEI Holdings/DEIX.pk shares have increased in value more than 200% over the prior year. Based on this, and other factors, the firms are investigating whether the transaction is fair to DEI Holdings shareholders. aWe are also investigating whether DEI Holdingsa™ Board of Directors adequately considered all viable alternatives before entering into the agreement,a said shareholder rights attorney Willie Briscoe.

If you currently own shares of DEI Holdings/DEIX.pk and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at [ patrick@powerstaylor.com ], or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at [ WBriscoe@TheBriscoeLawFirm.com ]. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.