Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fi

duciary Duty by the Board of Thermadyne Holdings

Levi & Korsinsky is investigating the Board of Directors of Thermadyne Holdings
Corp. (Nasdaq:THMD) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company to Irving Pla
ce Capital, a middle-market private equity firm.
New York, NY, October 07, 2010 -- Levi & Korsinsky is investigating the Board of
Directors of Thermadyne Holdings Corp. (Nasdaq:THMD) for possible breaches of f
iduciary duty and other violations of state law in connection with their attempt
to sell the Company to Irving Place Capital, a middle-market private equity fir
m. Under the terms of the transaction, Thermadyne shareholders will be entitled
to receive $15.00 in cash for each share they own. The transaction, which is exp
ected to be completed in December of 2010, is valued at approximately $422 milli
on.
Click here to learn how to join the action: http://www.zlk.com/thermadyne-thmd.h
tml, or call: 877-363-5972.
The investigation concerns whether the Thermadyne Board of Directors breached th
eir fiduciary duties to Thermadyne stockholders by failing to adequately shop th
e Company before entering into this transaction and whether Irving Place Capital
is underpaying for Thermadyne shares, thus unlawfully harming Thermadyne stockh
olders. In particular, Thermadyne stock traded as high as $15.19 per share as re
cently as October 4, 2010 and at least one analyst set a price target for Therma
dyne stock at $18.35 per share.
If you own common stock in Thermadyne and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by tel
ephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com
/thermadyne-thmd.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and
extensive experience in actions involving financial fraud and represents invest
ors throughout the nation, concentrating its practice in securities and sharehol
der litigation. The attorneys at Levi & Korsinsky have been appointed by numerou
s courts throughout the country to serve as lead counsel on behalf of shareholde
rs in major litigations involving mergers and acquisitions. For more information
, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broa
d Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877)
363-5972, Fax: (212) 363-7171
Press Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine@zlk.com
http://www.zlk.com