Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Bucyrus International, Inc. in Connection...
November 15 2010 - 7:45PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
Bucyrus International, Inc. (“Bucyrus” or the “Company”)
(NASDAQ:BUCY) related to the Company’s agreement to be acquired by
Caterpillar Inc. (“Caterpillar ”). The proposed transaction is
valued at approximately $8.6 billion.
Under the terms of the agreement entered into by the parties,
Bucyrus shareholders will receive $92.00 in cash for each share
they own of the Company’s common stock. The transaction is expected
to close in mid-2011. The investigation concerns possible breaches
of fiduciary duty and other violations of law related to approval
of the proposed transaction by the Bucyrus board of directors.
If you are a shareholder of Bucyrus, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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