The Law Offices of Vincent Wong are investigating the Board of Directors of Global Industries, Ltd. (NASDAQ: GLBL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Technip S.A. (NYSE Euronext Paris: TEC). Under the terms of the proposed transaction, Global Industries shareholders will receive $8.00 per share of Global Industries stock they own.
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The investigation concerns whether the Global Industries Board of Directors breached their fiduciary duties to Global Industries stockholders by failing to adequately shop the Company before entering into this transaction and whether Technip is underpaying for Global Industries shares. In particular, Global Industries shares have traded as high as $10.11 per share as recently as April 2011.
If you own common stock in Global Industries and wish to obtain additional information, please contact Vincent Wong, Esq. either via email
, by telephone at 212.584.2740, or visit
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.