Nationwide Financial Shareholder Balks At Buyout

Law360, New York (March 17, 2008, 12:00 AM EDT) -- A Nationwide Financial Services Inc. shareholder has filed a putative class action against the company, claiming that majority shareholder Nationwide Corp.'s $2.17 billion buyout bid is too low and that Nationwide has interests on both sides of the proposed deal.

The suit against NFS, Nationwide Corp., several other Nationwide affiliates and several directors, some of whom allegedly sit on both NFS' and Nationwide's boards, was filed on behalf of NFS' public shareholders on March 13 in the U.S. District Court for the Southern District of Ohio....
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