Zeldes & Haeggquist, LLP has commenced an investigation into possible legal claims against the Board of Directors National Financial Partners Corp. (“NFP” or “the Company”) (NYSE: NFP). The investigation concerns possible breaches of fiduciary duties and other violations of law related to NFP entering into an agreement to be acquired by Madison Dearborn Partners, LLC (“Madison Dearborn”), a private equity investment firm.
New York-based NFP is a provider of benefits, insurance, and wealth management services to companies and high-wealth individuals. On April 15, 2013, NFP announced its agreement to be acquired by Madison Dearborn in a deal worth about $1.3 billion.
Zeldes & Haeggquist’s investigation concerns whether NFP’s Board of Directors failed to adequately shop the Company to obtain the best possible value for its shareholders before entering into an agreement with Madison Dearborn. Under the terms of the proposal, NFP shareholders will receive $25.35 in cash per share.
If you own the common stock of NFP and purchased your shares before April 15, 2013, and would like additional information regarding this investigation, or if you have information regarding the matters under investigation, please contact attorney Aaron M. Olsen or Amber L. Eck at 619-342-8000, or by email at firstname.lastname@example.org or email@example.com.