The Law Office of Joseph Klein is investigating the Board of Directors of Bucyrus International, Inc. (NasdaqGS: BUCY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Caterpillar Inc. (NYSE: CAT). Under the terms of the transaction, Bucyrus shareholders will receive $92.00 per share in cash for each share they own for a total transaction value of approximately $8.6 billion, including the assumption of debt.
The investigation concerns whether the Bucyrus Board of Directors breached their fiduciary duties to Bucyrus stockholders by failing to adequately shop the Company before entering into this transaction and whether Caterpillar is underpaying for Bucyrus shares. At least one analyst set a price target for Bucyrus Systems common stock at $95.00.
If you own common stock in Bucyrus and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at email@example.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/bucyrus-bucy.html.
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.