The securities litigation firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty to current shareholders of Foster Wheeler AG (“Foster Wheeler” or the “Company”) (Nasdaq: FWLT) and other violations of state law by the board of directors of Foster Wheeler relating to the proposed buyout of the Company by AMEC plc (“AMEC”).

Under the terms of the transaction, Foster Wheeler shareholders will receive 0.8998 shares of AMEC common stock and $16.00 in cash for each share of Foster Wheeler stock they own, representing an approximate value of $32.40 per share. According to Yahoo! Finance, at least one analyst has set a price target for Foster Wheeler stock at $38.00 per share.

The firm’s investigation seeks to determine, among other things, whether the Company’s board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether AMEC is underpaying for Foster Wheeler shares.

If you currently own common stock of Foster Wheeler and would like to learn more about the investigation being conducted by Brower Piven, you may email or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. You may contact Brower Piven by email at hoffman@browerpiven.com, by calling (410) 415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and other class action cases of over 60 years.