The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of Bucyrus Internat...
November 17 2010 - 1:32PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Bucyrus International, Inc. (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. (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.
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. 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 Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/bucyrus-bucy.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation.
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