Law Office of Jonathan M. Stein, P.L. Investigates Possible Breach of Fiduciary Duty by the Board of Bucyrus International, Inc.
November 15 2010 - 11:30AM
Business Wire
The Law Office of Jonathan M. Stein, P.L. is investigating the
Board of Directors of Bucyrus International, Inc. ("Bucyrus" or the
"Company") (Nasdaq: BUCY) for possible breaches of fiduciary duty
and other violations of state law in connection with their attempt
to complete a sale of the Company to Caterpillar Inc. Under the
terms of the proposed transaction, Bucyrus shareholders are to
receive $92.00 in cash for each share they own, for a total
transaction value of approximately $8.6 billion.
The investigation involves whether the Board of Directors of
Bucyrus breached their fiduciary duties to Bucyrus stockholders by
failing to adequately shop the Company before agreeing to enter
into the transaction and whether Bucyrus has disclosed all material
information to shareholders about the proposed transaction.
According to Yahoo Finance, one analyst has set a target price at
$95.00 per share.
If you own stock in Bucyrus and wish to obtain additional
information about your rights, or if you have information regarding
the above investigation, please contact Jonathan M. Stein, Esq.
either via email at jstein@jonathansteinlaw.com or by telephone at
(561) 961-2244.
The Law Office of Jonathan M. Stein, P.L. represents
shareholders and consumers in complex litigation, including class
action and derivative litigation. More information about the firm
is available through its website, www.jonathansteinlaw.com, and
upon request from the firm. Jonathan M. Stein is the attorney
responsible for the content of this release.
Jonathan M. Stein, Esq. Law Office of Jonathan M. Stein, P.L. 120
E. Palmetto Park Rd., Suite 420 Boca Raton, FL 33432 (561) 961-2244
jstein@jonathansteinlaw.com
www.jonathansteinlaw.com
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