Robbins & Myers, Inc. : Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg LLP
08/09/2012| 01:05pm US/Eastern
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Glancy Binkow & Goldberg LLP announces that it is investigating
potential claims against the Board of Directors of Robbins & Myers, Inc.
("Robbins & Myers" or the "Company") (NYSE: RBN) related to the proposed
acquisition of the Company by National Oilwell Varco, Inc. The
transaction is valued at approximately $2.5 billion or $60 per share.
This investigation concerns whether the Board of Directors of Robbins &
Myers breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into the proposed
transaction, and whether the Company has disclosed all material
information to shareholders about the transaction. The Company has seen
substantial recent growth. Further, at least one analyst has set a
target price for the Company's stock at $72 per share.
If you are a shareholder of Robbins & Myers, if you have information or
would like to learn
more about our investigation, or if you wish to discuss these
matters or have any questions concerning this announcement or your
rights or interests with respect to these matters, please contact Louis
Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East,
Suite 2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or
Toll-Free at 888-773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire,
310-201-9150
Toll-Free: 888-773-9224
shareholders@glancylaw.com
© Business Wire 2012
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