The Law Office of Robbins Umeda LLP Announces an Investigation of the Acquisition of Bucyrus International, Inc. by Caterpill...
November 15 2010 - 3:23PM
Business Wire
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors ("Board") of Bucyrus
International, Inc. ("Bucyrus" or the "Company") (NASDAQ: BUCY) in
connection with their efforts to sell Bucyrus to Caterpillar Inc.
("Caterpillar") (NYSE: CAT). If the transaction is completed,
Bucyrus shareholders will receive $92.00 in cash for each share of
Bucyrus common stock they hold. The transaction is expected to
close in mid-2011.
Robbins Umeda LLP's investigation concerns whether Bucyrus'
Board undertook a fair process to obtain fair consideration for all
shareholders of Bucyrus. Specifically, our investigation concerns
whether members of the Company's Board breached their fiduciary
duties to Bucyrus shareholders by failing to adequately shop the
Company before entering into the transaction with Caterpillar.
If you are a shareholder of Bucyrus, plan to continue to hold
your shares, and would like more information about your rights as a
shareholder, please contact attorney Gregory E. Del Gaizo at
800-350-6003 or by e-mail at info@robbinsumeda.com.
Robbins Umeda LLP represents individual and institutional
shareholders in derivative, direct, and class action lawsuits. The
law firm's skilled litigation teams include former federal
prosecutors, former defense counsel from top multinational
corporate law firms, and career shareholder rights lawyers. Robbins
Umeda LLP has helped its clients realize more than $1 billion of
value for themselves and the companies in which they have invested.
For more information, please go to http://www.robbinsumeda.com.
Attorney Advertising. Past results do not guarantee a similar
outcome. We invite you to contact us today to discuss your
case.
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