Faruqi & Faruqi, LLP Announces Shareholder Investigation Related to the Acquisition of Bucyrus International Inc. - BUCY
November 16 2010 - 4:06PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Bucyrus International Inc. (“Bucyrus” or the
“Company”) (NASDAQ: BUCY) for potential breaches of fiduciary
duties in connection with their conduct related to the sale of the
Company to Caterpillar Inc. (NYSE: CAT). The proposed transaction
offers Bucyrus shareholders to only receive $92 per share in cash.
According to Yahoo! Finance, at least one financial analyst values
Bucyrus’ common stock at $95 per share. The transaction is valued
at $7.6 billion and is expected to close in mid-2011.
Request more information now by clicking here:
www.faruqilaw.com/BUCY
Whether the Bucyrus’s Board of Directors breached their
fiduciary duties to Bucyrus’ stockholders by failing to conduct an
adequate and fair sales process to sell the Company prior to
agreeing to this proposed transaction, whether the proposed
transaction undervalues Bucyrus’ shares and by how much this
proposed transaction undervalues the Company to the detriment of
Bucyrus shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Bucyrus and wish to obtain additional
information, please visit us at www.faruqilaw.com/BUCY or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.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.
Bucyrus (NASDAQ:BUCY)
Historical Stock Chart
From May 2024 to Jun 2024
Bucyrus (NASDAQ:BUCY)
Historical Stock Chart
From Jun 2023 to Jun 2024