Wolf Haldenstein Investigating Bucyrus International, Inc. Board
November 15 2010 - 11:54AM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Bucyrus International,
Inc. (“Bucyrus” or the “Company”) [NASDAQ:BUCY] arising out of the
proposed acquisition of Bucyrus by Caterpillar, Inc.
(“Caterpillar”).
On Monday, November 15, 2010, Caterpillar and Bucyrus announced
that Caterpillar will acquire Bucyrus pursuant to an all cash
offer. Under the terms of the agreement, Bucyrus stockholders will
receive $92 in cash in exchange for each share of Bucyrus common
stock they own. However, the Company may not have adequately
shopped itself before entering into this transaction and, pursuant
to this proposed transaction, Caterpillar may be underpaying for
Bucyrus, thus unlawfully harming Bucyrus shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Bucyrus common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gustavo Bruckner or Derek Behnke Wolf Haldenstein Adler Freeman
& Herz LLP 270 Madison Avenue New York, New York 10016 Phone
Numbers: (800) 575-0735 (212) 545-4600
Email: bruckner@whafh.comClassmember@whafh.com
Website: http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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