The Law Offices of Vincent Wong Announce an Investigation of Nalco Holding Company
July 25 2011 - 12:40PM
Business Wire
The Law Offices of Vincent Wong are 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 proposed
transaction, Nalco shareholders may elect to receive either 0.7005
of a share of Ecolab common stock or $38.80 in cash per share for a
total transaction of approximately $8.1 billion, including the
assumption of debt.
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.
If you own common stock in Nalco and wish to obtain additional
information, please contact Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/nalco-holding.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
CONTACT:Vincent Wong, Esq.39 East BroadwaySuite 304New York, NY
10002Tel. 212.584.2740Fax. 866.367.6510E-Mail: vw@wongesq.com
Nalco (NYSE:NLC)
Historical Stock Chart
From Jun 2024 to Jul 2024
Nalco (NYSE:NLC)
Historical Stock Chart
From Jul 2023 to Jul 2024