Levi & Korsinsky is investigating the Board of Directors of Bucyrus International, Inc. (“Bucyrus” or the “Company”) (NasdaqGS: BUCY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Caterpillar Inc.
New York, NY, November 16, 2010 — Levi & Korsinsky is investigating the Board of Directors of Bucyrus International, Inc. (“Bucyrus” or the “Company”) (NasdaqGS: BUCY) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Caterpillar Inc. (“Caterpillar”) (NYSE: CAT). Under the terms of the transaction, Bucyrus shareholders will receive $92.00 per share in cash for each share they own for a total transaction value of approximately $8.6 billion, including the assumption of debt.
Click here to learn how to join the action: http://www.zlk.com/bucyrus-bucy.html, or call: 877-363-5972.
The investigation concerns whether the Bucyrus Board of Directors breached their fiduciary duties to Bucyrus stockholders by failing to adequately shop the Company before entering into this transaction and whether Caterpillar is underpaying for Bucyrus shares, thus unlawfully harming Bucyrus stockholders. In particular, at least one analyst set a price target for Bucyrus Systems common stock at $95.00.
If you own common stock in Bucyrus and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/bucyrus-bucy.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below.
Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street – 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com
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Contact:
Jared Morine
Levi & Korsinsky, LLP
New York, NY
212-363-7500
[email protected]
