Law Office of Brodsky & Smith, LLC Announces Investigation of T-3 Energy Services, Inc.
October 06 2010 - 5:17PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
T-3 Energy Services, Inc. (“T-3” or the “Company) (Nasdaq:TTES),
related to the Company’s agreement to be acquired by Robbins &
Myers, Inc. (“Robbins & Myers”). Under the proposed transaction
T-3 shareholders will receive $7.95 in cash and 0.0894 of Robbins
& Myers stock for each share of T-3 stock they own. This values
T-3 stock at approximately $31.80 per share.
The investigation concerns possible breaches of fiduciary duty
and other violations of state law related to the T-3 board’s
approval of the proposed transaction, including whether the Board
failed to adequately shop the Company and whether the proposed
transaction undervalues T-3 shares. The transaction appears to be
unfair, in part, given that T-3 stock was trading at $32.89 a share
as recently as June 16, 2010 and was trading at $30.38 a share on
May 3, 2010.
If you own shares of T-3 and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, or by calling toll free
877-LEGAL-90.
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