The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Nalco Holding Company
July 20 2011 - 12:21PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Nalco Holding Company (“Nalco” or “the Company”) (NYSE: NLC) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Ecolab Inc.
(NYSE: ECL). Under the terms of the transaction, Nalco shareholders
may elect to receive either 0.7005 of a share of Ecolab common
stock or $38.80 in cash per share of Nalco stock they own. The
transaction has a total approximate value of $8.1 billion,
including the assumption of debt.
Click here to learn how to join the action:
http://www.zlk.com/nalco-holding-nlc, or call: 877-363-5972.
The investigation concerns whether the Nalco Board of Directors
breached their fiduciary duties to Nalco stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Ecolab Inc. is underpaying for Nalco shares, thus
unlawfully harming Nalco stockholders.
If you own common stock in Nalco and wish to obtain additional
information, please contact Joseph Levi, Esq. either via email at
jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877)
363-5972, or visit http://www.zlk.com.
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. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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