Bull & Lifshitz, LLP Announces Investigation of the Acquisition of T-3 Energy Services, Inc.
19 Octubre 2010 - 2:46PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
acquisition of T-3 Energy Services, Inc. (NASDAQ: TTES) (referred
to as "T-3" or the “Company”) by Robbins & Myers Inc. (“Robbins
& Myers”), in a cash and stock transaction valued at
approximately $422 million, net of cash assumed.
Under the terms of the agreement, for each share of T-3 common
stock, T-3 stockholders will receive 0.894 common shares of Robbins
& Myers plus $7.95 in cash. Upon closing, and reflecting the
issuance of new Robbins & Myers shares, T-3 stockholders
collectively will own approximately 27% of Robbins & Myers'
outstanding shares. T-3 expects the stock portion of the
consideration to be received tax-free by its shareholders.
The proposed merger is subject to the approval of a majority of
the outstanding shares of T-3 common stock, and two-thirds of the
outstanding Robbins & Myers common shares, as well as other
customary regulatory approvals.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of T-3 stock and want to discuss your legal
rights, you may e-mail or call Bull & Lifshitz, LLP who will,
without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of T-3 and would like more information
about our investigation, please contact Joshua M. Lifshitz, Esq. by
telephone at (866) 313-6222 or by sending an e-mail including your
contact information to: counsel@nyclasslaw.com. All e-mail
correspondence should make reference to T-3.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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