Kendall Law Group Investigates Ameron International Corp.
Kendall Law Group, led by former federal judge Joe Kendall, is investigating Ameron International Corp. (NYSE: AMN) for shareholders in connection with the proposed acquisition by National Oilwell Varco Inc. The national securities firm’s investigation seeks to determine whether Ameron International and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. If you are an Ameron International shareholder and would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at email@example.com.
On July 5, 2011, the companies announced the definitive merger agreement under which Ameron International would be acquired by National Oilwell Varco, in a transaction valued at approximately $772 million. Under the terms of the agreement, Ameron International stockholders will receive $85.00 in cash for each share of Ameron International/AMN common stock held. The offer price represents a premium of 28 percent to Ameron International’s Friday closing price of $66.27. According to Thompson/First Call, analysts have set a price target as high as $90.00 per share for Ameron International’s stock. The firm’s investigation seeks to determine whether Ameron International and its Board undertook a fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in numerous merger and acquisition cases nationwide, including some of the largest transactions in the United States.
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