Harwood Feffer LLP ( www.hfesq.com) is investigating potential claims against the board of directors of Ameron International Corporation (NYSE - AMN) concerning possible breaches of fiduciary duty and other violations of law related to the Company's efforts to sell AMN to National Oilwell Varco, Inc. (NYSE: NOV) in a transaction valued at approximately $772 million.
Under the terms of the definitive agreement, AMN shareholders will receive $85.00 per share. The price to be paid by NOV is significantly less than analyst estimates for AMN, which average $87.50 per share and one of which sets a stock price target of $90.00 per share. Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by the Company's board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of AMN.
If you own shares of AMN and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Matthew Houston toll free at (877) 935-7400 or to sign up online, visit www.hfesq.com . You may also email Mr. Houston at firstname.lastname@example.org . For more information about class action cases in general, please visit our website: www.hfesq.com .
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