Weiss & Lurie, a national class action and shareholder rights law firm with offices in New York City and Los Angeles, is investigating possible breaches of fiduciary duty and other violations of law by members of the Board of Directors of Bucyrus International, Inc. (NasdaqGS: BUCY) arising from the proposed sale of Bucyrus to Caterpillar Inc. (NYSE:CAT). Under the terms of the transaction, Bucyrus shareholders will receive $92.00 in cash, without interest, for each share of Bucyrus stock they hold. The total value of the transaction is approximately $8.6 billion, including net debt. The transaction is expected to close in mid-2011.
Weiss & Lurie is investigating whether Bucyrus’s Board acted in the best interests of shareholders in approving the proposed transaction and whether Bucyrus’s Board properly sought to maximize shareholder value.
If you own common stock in Bucyrus and would like more information about your rights as a shareholder or additional information concerning our investigation, please contact Julia J. Sun, Esq. either by email at email@example.com or by telephone at (888) 593-4771.
Weiss & Lurie has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded institutions and individuals and obtained important corporate governance in these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (such as insider trading, waste of corporate assets, accounting fraud, or issuing materially misleading press releases or SEC filings), consumer fraud (such as false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.Attorney Advertising. Past results do not guarantee a similar outcome.