The Law Office Of Abe Shainberg Launches An Investigation Into The Possible Breaches Of Fiduciary Duty By The Board Of Bucyrus International, Inc. In Connection With The Sale Of The Company To Caterpillar Inc. – BUCY
The Law Office of Abe Shainberg is investigating the Board of Directors of Bucyrus International, Inc. (NasdaqGS: BUCY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Caterpillar Inc. (“Caterpillar”) (NYSE: CAT). Under the terms of the transaction, Bucyrus shareholders will receive $92.00 per share in cash for each share they own for a total transaction value of approximately $8.6 billion, including the assumption of debt. The investigation concerns whether the Bucyrus Board of Directors breached their fiduciary duties to Bucyrus stockholders by failing to adequately shop the Company before entering into this transaction and whether Caterpillar is underpaying for Bucyrus shares. Prior to the announcement of the transaction, at least one analyst set a price target for Bucyrus Systems common stock at $95.00. If you own common stock in Bucyrus and wish to obtain additional information, please contact Abe Shainberg, Esq. either via email at email@example.com or by telephone at (212) 425-7286, or visit http://www.ashainberglaw.com/bucyrus-bucy.html. Mr. Shainberg has expertise in prosecuting investor securities litigation, is a certified and registered arbitrator and mediator involving financial matters, and represents investors in various matters nationwide.