Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Bucyrus International, Inc.
November 19 2010 - 11:13AM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of Bucyrus International, Inc. (NASDAQ: BUCY) (referred
to as "Bucyrus" or the “Company”) by Caterpillar Inc.
("Caterpillar") in a cash transaction valued at approximately $8.6
billion including net debt.
Under the terms of the transaction, Bucyrus shareholders will
receive $92 per share in cash for each share of stock they hold.
Caterpillar will fund the acquisition through a combination of cash
from the balance sheet, debt and up to $2 billion in equity. The
transaction is expected to close in mid-2011.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Bucyrus stock and want to discuss your
legal rights, you may e-mail or call Bull & Lifshitz, LLP who
will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Bucyrus and would like more
information about our investigation, please contact Joshua M.
Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an
e-mail including your contact information to:
counsel@nyclasslaw.com. All e-mail correspondence should make
reference to Bucyrus.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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