Kendall Law Group Investigates T-3 Energy Services Inc. Acquisition for Shareholders
06 Octubre 2010 - 11:46AM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating T-3 Energy Services Inc. (NASDAQ: TTES) for
shareholders in connection with the proposed acquisition by Robbins
& Myers Inc. The national securities firm’s investigation seeks
to determine whether T-3 and its Board breached their fiduciary
duties by entering into the agreement without properly shopping for
a deal that would provide better value for shareholders. If you are
a T-3 shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at skendall@kendalllawgroup.com.
On October 6, 2010, Robbins & Myers announced it would
acquire T-3 in a transaction valued at approximately $422 million.
Under the terms of the agreement, T-3 stockholders will receive
$7.95 in cash and 0.894 common shares of Robbins & Myers for
each share of T-3/TTES common stock held. According to
Thompson/First Call, at least one analyst has set a price target of
$37 per share for T-3 stock. Additionally, T-3 shares were trading
for over $32 per share earlier this year. Due to these factors, the
firm believes the transaction significantly undervalues the
company.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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