The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
November 15 2010 - 2:03PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Bucyrus International, Inc. (“Bucyrus” or the “Company”) (NasdaqGS:
BUCY) for possible breaches of fiduciary duty and other violations
of state law in connection with their attempt to sell the Company
to Caterpillar Inc. (“Caterpillar”) (NYSE: CAT). Under the terms of
the transaction, Bucyrus shareholders will receive $92.00 per share
in cash for each share they own for a total transaction value of
approximately $8.6 billion, including the assumption of debt.
Click here to learn how to join the action:
http://www.zlk.com/bucyrus-bucy.html, or call: 877-363-5972.
The investigation concerns whether the Bucyrus Board of
Directors breached their fiduciary duties to Bucyrus stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Caterpillar is underpaying for Bucyrus
shares, thus unlawfully harming Bucyrus stockholders. In
particular, at least one analyst set a price target for Bucyrus
Systems common stock at $95.00.
If you own common stock in Bucyrus and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com/bucyrus-bucy.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below.
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