Levetown & Jenkins, LLP Announces an Investigation of the Acquisition of Bucyrus International by Caterpillar
November 15 2010 - 10:45PM
Business Wire
Levetown & Jenkins, LLP is conducting an investigation into
alleged breaches of fiduciary duties and violations of state law by
Bucyrus International (“Bucyrus”) (NASDAQ: BUCY) and its Board of
Directors in conjunction with the proposed buyout and acquisition
of Bucyrus by Caterpillar (NYSE: CAT). Under the terms of a
definitive merger agreement announced on November 15, 2010,
Caterpillar is offering $92 for each share of Bucyrus common stock.
The transaction is worth approximately $8.6 billion.
The firm’s investigation concerns whether the proposed
acquisition properly values Bucyrus. Specifically, the
investigation seeks to determine whether the Bucyrus Board of
Directors engaged in a fair process to obtain adequate
consideration for all of the company's shareholders, whether the
transaction undervalues the company to the detriment of its
shareholders and, if so, the extent to which the company is
undervalued in the proposed transaction.
Levetown & Jenkins, LLP is a national law firm comprised of
former federal and state prosecutors with extensive experience in
the investigation and prosecution of shareholder fraud. The firm
specializes in the representation of investors in shareholder and
securities fraud class actions. If you currently own shares of
Bucyrus and wish to obtain additional information about your rights
as a shareholder, please contact Michael T. Harrison, Esq. at (713)
392-7465 or mharrison@levjen.com. For more information about the
firm, please visit www.levjen.com.
Attorney Advertising. (C) 2010 Levetown & Jenkins, LLP. The
law firm responsible for this advertisement is Levetown &
Jenkins, LLP (www.levjen.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We are
happy to discuss your particular case.
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