Cabinet Co. Investors Sue Over $94M Home Depot Merger

Law360, New York (August 14, 2012, 7:55 PM EDT) -- U.S. Home Systems Inc. and its board of directors were hit with a putative class action in Texas court Friday that alleges the cabinet company's $93.8 million sale to The Home Depot doesn't provide fair compensation to shareholders.

The companies announced Aug. 7 that Home Depot would pay $12.50 a share for USHS, a 38 percent premium over where USHS stock had closed trading the day before. But the putative class action alleges USHS is being undervalued, citing a stock high of $14.81 a share in...
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