The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Possible Breaches of Fiduciary Duty by the Board of ...
06 Octubre 2010 - 10:23AM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
T-3 Energy Services, Inc. (“T-3 Energy” or the “Company”)
(NasdaqGS:TTES) for possible breaches of fiduciary duty and other
violations of state law in connection with their attempt to sell
the Company to Robbins & Myers, Inc. (“Robbins & Myers”)
(NYSE:RBN). Under the terms of the transaction, T-3 stockholders
will receive 0.894 common shares of Robbins & Myers plus $7.95
in cash for each share of T-3 common stock they own, for a total
transaction value of approximately $422 million. Based on October
5, 2010 closing prices, this represents a value of $31.80 per share
of T-3 Energy common stock.
Click here to learn how to join the action:
http://www.zlk.com/t3energy-ttes.html, or call: 877-363-5972.
The investigation concerns whether the T-3 Energy Board of
Directors breached their fiduciary duties to T-3 Energy
stockholders by failing to adequately shop the Company before
entering into this transaction and whether Robbins & Myers is
underpaying for T-3 Energy shares, thus unlawfully harming T-3
Energy stockholders. In particular, at least one analyst set a
price target for T-3 Energy stock at $37.00 per share.
If you own common stock in T-3 Energy and wish to obtain
additional information, please contact Joseph E. 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/t3energy-ttes.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. 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.
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