The Law Office of Jonathan M. Stein, P.L. is investigating the Board of Directors of Ameron International Corporation ("Ameron" or the "Company") (NYSE: AMN) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to National Oilwell Varco, Inc. Under the terms of the proposed transaction, Ameron shareholders are to receive $85.00 in cash for each share of Ameron they own, for a transaction value of approximately $773 million. The investigation involves whether the Board of Directors of Ameron breached their fiduciary duties to Ameron stockholders by failing to adequately shop the Company before agreeing to enter into the transaction and whether Ameron has disclosed all material information to shareholders about the proposed transaction. Of particular interest, according to Yahoo Finance, one analyst has set a target price for the Company’s shares at $90.00 per share. Also, as recently as December 17, 2010, the Company’s stock was trading above $85.00 per share. If you own stock in Ameron and wish to obtain additional information about your rights, or if you have information regarding the above investigation, please contact Jonathan M. Stein, Esq. either via email at firstname.lastname@example.org or by telephone at (561) 961-2244. The Law Office of Jonathan M. Stein, P.L. represents shareholders and consumers in complex litigation, including class action and derivative litigation. More information about the firm is available through its website, www.jonathansteinlaw.com, and upon request from the firm. Jonathan M. Stein is the attorney responsible for the content of this release.
The ex-dividend date for Ameron International (NYSE:AMN) is tomorrow, July 26, 2011. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $85.32 as of 9:32 a.m., the dividend yield is 1.4%.