WEL Boots & Coots,

Levi & Korsinsky is investigating the Board of Directors of Boots & Coots, Inc. (“Boots & Coots” or the “Company”) (AMEX: WEL) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Halliburton Company ("Halliburton") (NYSE: HAL). Under the terms of the transaction, Boots & Coots shareholders will receive approximately $3.00 for each share of Boots & Coots they own consisting of $1.73 in cash and $1.27 in Halliburton stock.

For the quarter ending December 31, 2009, Boots & Coots reported total revenue of $53.047 million and net income of $2.522 million as compared to total revenue and net income of $40.317 million and $822 thousand, respectively, for the prior quarter. The investigation concerns whether the Boots & Coots Board of Directors breached their fiduciary duties to Boots & Coots stockholders by failing to adequately shop the Company before entering into this transaction and whether Halliburton is underpaying for Boots & Coots shares, thus unlawfully harming Boots & Coots stockholders. In particular, at least one analyst set a price target for Boots & Coots stock at $3.50 per share and the median target set by analysts is $3.20 per share.

If you own common stock in Boots & Coots and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/boots-coots-inc-wel.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.

Boots & Coots (AMEX:WEL)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Boots & Coots (AMEX:WEL)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024