Newman Ferrara LLP Announces Investigation of U.S. Home Systems Inc.
Newman Ferrara LLP Announces Investigation of U.S. Home Systems Inc. Business Wire NEW YORK -- August 07, 2012 Newman Ferrara LLP has begun an investigation into potential claims against the board of directors of U.S. Home Systems Inc. (“USHS”) (NasdaqGM: USHS), a supplier of home improvement products and services, concerning the merger agreement between USHS and The Home Depot, Inc. (“Home Depot”) (NYSE: HD). On August 7, 2012, USHS announced that it had entered into a definitive merger agreement to be acquired by Home Depot in a transaction valued at approximately 93.4 million. Under the merger agreement, USHS shareholders will receive $12.50 in cash per share of USHS common stock owned. However, USHS common stock has traded at $12.50 per share as recently as March 16, 2012 and for the first quarter ended March 31, 2012, USHS reported “a record new order input for any quarter in our history” as well as “the highest first quarter revenue in USHS history.” The Board of Directors of USHS has unanimously approved the merger agreement. Subject to approval by USHS’ shareholders, regulatory approval, and customary closing conditions, the proposed transaction is expected to close by the end of the calendar year. Newman Ferrara LLP’s investigation concerns whether the USHS Board of Directors is fulfilling its fiduciary duties to act in the best interests of USHS’s shareholders and to take all necessary steps to ensure that USHS’s shareholders receive the maximum value readily available for their shares of USHS stock and are provided with all material information to make an informed decision on whether to tender their shares. Concerned investors are encouraged to contact Newman Ferrara attorney Roy Shimon at (212) 619-5400 or firstname.lastname@example.org to discuss this investigation, their rights, or potential remedies. Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at www.nfllp.com. Contact: Newman Ferrara LLP Attorney: Roy Shimon 1250 Broadway, 27^th Fl. New York, NY 10001 tel. 212-619-5400 email@example.com