Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Ameron International Corporation (“Ameron” or the “Company”) (NYSE: AMN) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to National Oilwell Varco Inc. (NYSE: NOV), the world’s largest provider of oilfield equipment, in an all cash deal valued at approximately $772 million. The companies’ boards have approved the transaction, which may close as soon as the fourth quarter. Under the terms of the proposed transaction, Ameron’s shareholders will receive $85 in cash, while, according to Yahoo! Finance, at least one financial analyst has set a price target of $90 for Ameron.
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Whether Ameron’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Ameron’s shares and by how much this proposed transaction undervalues the Company to the detriment of Ameron’s shareholders are the key focus of this investigation.
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or contact Juan E. Monteverde, Esq. either via e-mail at
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