Robbins & Myers, Inc. : The Law Firm of Weiss & Lurie Investigates Robbins & Myers, Inc.
08/10/2012| 06:05pm US/Eastern
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Weiss & Lurie, a national class action and shareholder rights law firm
with offices in New York City and Los Angeles, is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of Robbins & Myers, Inc. (NYSE: RBN) arising from its
agreement for Robbins & Myers to be acquired by National Oilwell Varco
Inc. in a transaction valued at approximately $2.54 billion. Under the
terms of the agreement, Robbins & Myers's shareholders will receive $60
in cash for each share of Robbins & Myers stock at closing.
Weiss & Lurie is investigating whether Robbins & Myers's Board acted in
the best interests of shareholders in approving this deal. Multiple
analysts have set a target price for Robbins & Myers stock above $60,
with a high target set at $72. Moreover, Robbins & Myers's Board has
agreed to coercive deal protection devices including a "no shop"
provision and a provision that requires Robbins & Myers to pay National
Oilwell's expenses, up to $50 million, if Robbins & Myers's shareholders
fail to approve the Merger Agreement. If you own Robbins & Myers shares
and would like more information about your rights as a shareholder or
additional information concerning our investigation, please contact
Michael A. Rogovin either by telephone at (888) 593-4771 or by email at info@weisslurie.com.
Weiss & Lurie 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 institutions and
individuals and obtained important corporate governance in 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 issuing materially misleading information),
consumer fraud (including false advertising, defective products, or
other deceptive business practices), or anti-trust violations, please
email us at info@weisslurie.com
or fill out the form on our website, http://www.weisslurie.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Weiss & Lurie
Michael A. Rogovin, Esq.
1500 Broadway, 16th
Floor
New York, NY 10036
T: 212.682.3025
F: 212.682.3010
www.weisslurie.com
info@weisslurie.com
© Business Wire 2012
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