The Law Firm of Weiss & Lurie Investigates the Sale of Bucyrus International, Inc. to Caterpillar Inc.
November 17 2010 - 5:26PM
Business Wire
Weiss & Lurie, a national class action and shareholder
rights law firm with offices in New York City and Los Angeles, is
investigating possible breaches of fiduciary duty and other
violations of law by members of the Board of Directors of Bucyrus
International, Inc. (NasdaqGS: BUCY) arising from the proposed sale
of Bucyrus to Caterpillar Inc. (NYSE:CAT). Under the terms of the
transaction, Bucyrus shareholders will receive $92.00 in cash,
without interest, for each share of Bucyrus stock they hold. The
total value of the transaction is approximately $8.6 billion,
including net debt. The transaction is expected to close in
mid-2011.
Weiss & Lurie is investigating whether Bucyrus’s Board acted
in the best interests of shareholders in approving the proposed
transaction and whether Bucyrus’s Board properly sought to maximize
shareholder value.
If you own common stock in Bucyrus and would like more
information about your rights as a shareholder or additional
information concerning our investigation, please contact Julia J.
Sun, Esq. either by email at infony@weisslurie.com or by telephone
at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class
and derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
institutions and individuals and obtained important corporate
governance in these cases. If you have information or would like
legal advice concerning possible corporate wrongdoing (such as
insider trading, waste of corporate assets, accounting fraud, or
issuing materially misleading press releases or SEC filings),
consumer fraud (such as false advertising, defective products, or
other deceptive business practices), or anti-trust violations,
please email us at infony@weisslurie.com or fill out the form on
our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar
outcome.
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