|[June 13, 2014]
SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Protective Life Corporation In Connection With The Proposed Sale Of The Company To Dai-ichi Life Insurance Company, Limited
STEVENSON, Md. --(Business Wire)--
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Protective Life Corporation
("Protective Life" or the "Company") (NYSE: PL) and other violations of
state law by the board of directors of Protective Life relating to the
proposed buyout of the Company by Dai-ichi Life Insurance Company,
Limited ("Dai-ichi Life"), in a transaction valued at approximately $5.7
Under the terms of the transaction, public shareholders of Protective
Life would receive $70.00 per unit in cash for each share of Protective
Life they own. The firm's inestigation seeks to determine, among other
things, whether the Company's board of directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Dai-ichi Life is
underpaying for Protective Life shares.
If you currently own common stock of Protective Life and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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