Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Boots & Coots, Inc. by Halliburton Company
14 Abril 2010 - 2:36PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Boots & Coots, Inc. (AMEX: WEL) (referred to as "Boots
& Coots" or the “Company”) to Halliburton Company
(“Halliburton”) in a transaction with a total value of
approximately $232 million.
Under the terms of the agreement, Boots & Coots stockholders
will receive $3.00 per share for each share of Boots & Coots
common stock they hold, comprised of $1.73 in cash and $1.27 in
Halliburton common stock, subject to election, proration features
and an exchange ratio based on Halliburton’s five-day average share
price prior to closing as further described in the merger
agreement. The Boards of Directors of both Halliburton and Boots
& Coots have approved the transaction.
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 Boots & Coots 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 Boots 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 Boots & Coots.
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.
Boots & Coots (AMEX:WEL)
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