Levi & Korsinsky, LLP Announces Class Action Lawsuit Against NATCO Group, Inc. -- NTG
July 08 2009 - 5:25PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
filed in the Delaware Chancery Court challenging the proposed
acquisition of NATCO Group, Inc. ("NATCO" or the "Company") (NYSE:
NTG).
The Complaint arises out of the announcement by NATCO stating
that it had entered into a definitive merger agreement with Cameron
International Corporation ("Cameron") (NYSE: CAM). Under the merger
agreement, NATCO shareholders will receive 1.185 shares of CAM
stock for each share of NATCO they own, or approximately NATCO
$38.45 per share, for a total transaction value of approximately
$780 million based on the $32.45 June 1, 2009 closing price of CAM
stock, the price of CAM stock the day before the merger was
announced. The transaction appears unfair given that, between
January and November 2008, NATCO traded in the range of
$41.00-$55.00 a share and that prior to May 26, 2009, Cameron
shares have only traded above $30.00 on only three days since
October 2008. If you own common stock in NATCO and wish to obtain
additional information, please contact us at the number listed
below or visit http://www.zlk.com/ntg1.html.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. Juan
E. Monteverde, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
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