Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of T-3 Energy Services, Inc. - TTES
06 Octubre 2010 - 4:06PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of T-3 Energy Services, Inc. (“T-3” or the “Company”)
(NasdaqGS: TTES) for potential breaches of fiduciary duties in
connection with their conduct related to the sale of the Company to
Robbins & Myers, Inc. (“Robbins & Myers”) (NYSE: RBN). The
proposed transaction offers T-3 shareholders to only receive 0.894
Robbins & Myers share plus $7.95 in cash for each share they
own, valuing the Company at approximately $31.80 a share. According
to Thompson/First Call, at least one analyst has set a price target
of $37.00 per share for T-3 common stock. The transaction, which is
expected to close by early next year, is valued at approximately
$422 million. Request more information to protect your financial
interest by clicking here: www.faruqilaw.com/Tthree
Whether the T-3’s Board of Directors breached their fiduciary
duties to T-3’s stockholders by failing to conduct an adequate and
fair sales process to sell the Company prior to agreeing to this
proposed transaction, whether the proposed transaction undervalues
T-3’s shares and by how much this proposed transaction undervalues
the Company to the detriment of T-3 shareholders are the key focus
of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in T-3 and wish to obtain additional
information, please visit us at www.faruqilaw.com/Tthree or contact
Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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