BAKER HUGHES INCORPORATED SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout
November 21 2014 - 6:19PM
Business Wire
Rigrodsky & Long, P.A.:
- Do you own shares of Baker Hughes
Incorporated (NYSE: BHI)?
- Did you purchase any of your shares
prior to November 17, 2014?
- Do you think the proposed buyout
value is too low?
- Do you want to discuss your
rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of Baker
Hughes Incorporated (“Baker Hughes” or the “Company”) (NYSE: BHI)
regarding possible breaches of fiduciary duties and other
violations of law related to the Company’s entry into an agreement
to be acquired by Halliburton Company (“Halliburton”) (NYSE: HAL),
in a transaction valued at approximately $34.6 billion.
Click here to learn more:
http://www.rigrodskylong.com/investigations/baker-hughes-incorporated-bhi.
Under the terms of the agreement, shareholders of Baker Hughes
will receive 1.12 shares of Halliburton common stock and $19.00 in
cash for each share of Baker Hughes common stock. Based on
Halliburton’s closing stock price on November 14, 2014, Baker
Hughes shareholders would have received consideration valued at
approximately $80.69 per share.
The investigation concerns whether Baker Hughes’s board of
directors failed to adequately shop the Company and obtain the best
possible value for Baker Hughes’s shareholders before entering into
an agreement with Halliburton. According to Yahoo! Finance, at
least one analyst has issued a price target for Baker Hughes stock
at $92.00 per share.
If you own the common stock of Baker Hughes and purchased your
shares before November 17, 2014, if you have information or would
like to learn more about these claims, or if you wish to discuss
these matters or have any questions concerning this announcement or
your rights or interests with respect to these matters, please
contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long,
P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by
telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/baker-hughes-incorporated-bhi.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware
and Garden City, New York, regularly prosecutes securities class,
derivative and direct actions, shareholder rights litigation and
corporate governance litigation, on behalf of shareholders in
states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Rigrodsky & Long, P.A.Seth D. RigrodskyGina M.
Serra888-969-4242302-295-5310Fax:
302-654-7530info@rl-legal.comhttp://www.rigrodskylong.com
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