NEW YORK, July 26, 2016 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Joy Global Inc. ("JOY" or the "Company") in connection with the proposed acquisition of the Company by Komatsu Ltd. ("Komatsu"). On July 21, 2016, the Company announced that it had reached a definitive agreement for Komatsu to acquire all outstanding shares of JOY in a transaction valued at $3.7 billion, inclusive of debt. Under the terms of the agreement, JOY shareholders will receive $28.30 in cash for each JOY share they own.

WeissLaw is investigating whether JOY's Board acted to maximize shareholder value prior to entering into the agreement. Notably, prior to the announcement at least one analyst set a target price of $30.00 per share, or almost $2.00 above the offer price. Further, in acquiring JOY, Komatsu can expect to gain several benefits, including: (i) access to JOY's highly complementary product line; (ii) increasing its market share and expanding its global customer base; and (iii) doubling its manufacturing equipment business.

Given these facts, WeissLaw is investigating whether JOY's Board acted in the best interests of JOY's public shareholders to maximize shareholder value prior to entering into the agreement. If you own JOY shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at stockinfo@weisslawllp.com.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com or fill out the form on our website, http://www.weisslawllp.com/contact/report_fraud/.

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SOURCE WeissLaw LLP