PROTECTIVE LIFE SHAREHOLDER ALERT - Andrews & Springer LLC

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
PROTECTIVE LIFE SHAREHOLDER ALERT - Andrews & Springer LLC is Seeking More Cash for Shareholders of Protective Life Corporation

WILMINGTON, Del., June 10, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC , a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Protective Life Corporation ("Protective Life" or the "Company") relating to the sale of the Company to Dai-ichi Life Insurance Company Limited ("Dai-ichi"). On June 3, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Dai-ichi will acquire Protective Life in a merger valued at roughly $5.7 billion. As a result of the merger, Protective Life shareholders are only anticipated to receive $70.00 per share in cash in exchange for each share of Protective Life they own.

Our investigation so far has revealed highly suspicious trading activity the day before the merger was announced. On June 2, 2014, the day before the merger was announced, over 5.8 million shares of Protective Life were traded. The consideration premium Protective Life shareholders are expected to receive is also marginal. While the Company touts that the merger reflects a 34% premium to Protective Life's closing price as of May 30, 2014, the $70.00 per share price only represents a 19.6% premium to Protective Life's closing price on June 2 nd .

Andrews & Springer is investigating whether Protective Life directors are breaching their fiduciary duties by failing to maximize shareholder value.

If you own shares of Protective Life and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investig...ectivelife or contact Craig J. Springer, Esq. at  cspringer@andrewsspringer.com , or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc , Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of  our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com . This notice may constitute Attorney Advertising.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Tampa General’s Innovation Excellence Earns No. 20 Spot

Updated Category News Views 7

A Bold Leap into Innovation at Tampa General There's a heck of a lot going on down in Tampa that's worth more than just a golf clap. Tampa General Hospital (TGH) just snagged the 20th spot on Fast Company's Best Workplaces for Innovators list, and let me tell you, that’s no small feat amidst the heavy hitters in verticals like biotech and consumer goods. It takes guts...

Continue Reading
MCatalysis Secures $5M to Disrupt Fuel Cost Dynamics

Updated Category News Views 3

Funding Fuels Innovation MCatalysis has just secured a hefty $5 million in seed funding to throw down with the big dogs in energy production. This isn't your regular backyard science project; this company is serious about changing the game with a tech-driven approach that could undercut current fuel prices. HL Energy Ventures and Oxford Science Enterprises are backing...

Continue Reading
Wave Kids™ Unveils New Flavors for Kids' Drinks

Updated Category News Views 4

Sparking a Fresh Wave in the Kids' Beverage Market Alright, let me tell you about a new player plowing into the kids' drink scene. Wave Kids™, a brand that's making waves—pun intended—has a fresh lineup that screams 'fun' and 'healthy' in equal measure. Just coinciding with back-to-school season, this Scottsdale, Arizona outfit has rolled out not one or two, but...

Continue Reading
LeoLabs and SciTec Partner for $93.7M Space Force Deal

Updated Category News Views 2

LeoLabs and SciTec Join Forces for Space Dominance The space race ain't just about rockets blasting off anymore. It's about making sure we've got eyes everywhere, even on the back of our heads, so to speak. Enter LeoLabs teaming up with SciTec to help the U.S. Space Force upgrade their radar systems to something out of a sci-fi flick, armed with a $93.7 million contract...

Continue Reading
Midlife ADHD in Women: New Challenges and Solutions

Updated Category News Views 5

ADHD Evolution in Women's Midlife They say change is the only constant, and boy, does that ring true for women navigating the turbulent seas of ADHD as they hit 40 and beyond. According to Germaine Swanson, the ADHD landscape changes dramatically in midlife, especially for women. We're talking about a mix of hormonal shifts, increasing life demands, and changes in brain...

Continue Reading
Sandbox VR Expands to Melbourne, Betting on Immersive Fun

Updated Category News Views 3

Sandbox VR Ventures into Melbourne's Heart Every now and then, a venture takes its ambitions and rolls the dice on a prime location. Sandbox VR is swaggering into Melbourne's bustling Central Business District, fresh out of its success on the Gold Coast. Opening this Melbourne venue on September 14 marks a significant leap in the company's Aussie expansion—a bold nod to...

Continue Reading
Cap Juluca: Caribbean Luxury Redefined on Maundays Bay

Updated Category News Views 2

The Tranquil Call of Maundays Bay Find me dipping my toes in the sands of Maundays Bay come October 10, 2026, and you'll understand why this slice of Anguilla stakes its claim to being the best beach on the globe. Cap Juluca, that crown jewel of Caribbean luxury, swings open its doors once more, promising indulgence framed by turquoise waters and the soft whisper of white...

Continue Reading
Health Net's $2M Boost for Stanislaus Affordable Housing

Updated Category News Views 3

Joining the Fight Against California’s Housing Crisis Well, I'll be the first to say it's a breath of fresh air when a healthcare beast like Health Net starts investing in something as critical as affordable housing. This is no drop in the bucket—two million dollars is quite the commitment to fix some of the mess that’s been brewing in Stanislaus County, California....

Continue Reading
Law Firm Gains Strength with Strategic New Hires

Updated Category News Views 1

Catching the latest twist in the legal scene, veteran criminal defense attorney John T. Floyd is stiffening the backbone of his Houston-based firm. Snagging both Christopher Choate and Mia Floyd, he's set to fortify his team representing folks caught in the snarl of Texas and federal criminal courts. New Faces, Massive Expertise Let's dig into Choate's credentials first....

Continue Reading
Veho's Role in Redefining Beauty E-Commerce Delivery

Updated Category News Views 2

Veho Grabs Headlines with BeautyMatter Awards Nod Here's something a bit off the beaten path: Veho's been tapping into new wells of opportunity in the e-commerce sector, and their latest accolade demonstrates just that. Named a finalist in the 2026 BeautyMatter Awards under the Logistics category, they're making noise in all the right circles. Beyond Boxes: Transforming...

Continue Reading

Top 5 Most Recently Viewed Articles

Innovative CyberKnife System Advances Treatment for CNS Tumors

Updated Category News Views 227

Introduction to the CyberKnife System Accuray Incorporated (NASDAQ: ARAY) has achieved remarkable advances in the treatment of central nervous system (CNS) tumors with its innovative CyberKnife System. This groundbreaking device stands at the forefront of precision radiation therapy, facilitating improvements in patient outcomes for many facing challenging diagnoses....

Continue Reading
Cango Inc. Reveals Key Insights into February Crypto Mining | CANG

Updated Category News Views 230

Cango Inc. Provides Update on Crypto Mining Operations Cango Inc. (NYSE: CANG), a prominent player in the automotive transaction service industry, has recently shared an important update regarding its foray into the crypto mining sector. This announcement sheds light on the company’s production figures and offers an overview of the operational metrics achieved during...

Continue Reading
Neumora Therapeutics: Key Updates and Investor Insights

Updated Category News Views 157

Understanding the Importance of Legal Counsel for Investors Investors, especially those within the biotech field, should be aware that legal advice can be a pivotal factor in protecting their interests. Neumora Therapeutics, Inc. (NASDAQ: NMRA) is currently involved in a securities class action that underlines this necessity. Neumora Therapeutics: An Overview Neumora...

Continue Reading
Getty Realty Corp. Reports Strong Second Quarter Growth

Updated Category News Views 86

Getty Realty Corp. Demonstrates Financial Strength in Latest Results Getty Realty Corp. (NYSE: GTY), a well-regarded net lease real estate investment trust (REIT) with a focus on convenience and automotive retail properties, has recently shared its financial outcomes for the quarter ending June 30, 2025. The company's progress is marked by a year-to-date investment...

Continue Reading
Sanara MedTech Welcomes Keith Myers to Board of Directors

Updated Category News Views 215

Sanara MedTech Announces Board Appointment FORT WORTH, TX -- Sanara MedTech Inc. (NASDAQ: SMTI), a pioneering name in medical technology dedicated to enhancing clinical outcomes, today revealed key changes to its Board of Directors. Sanara is recognized for its commitment to the surgical, chronic wound, and skincare markets, actively working to minimize healthcare...

Continue Reading