Law Firm Brower Piven Announces Investigation of Lufkin Industries, Inc. Proposed Buyout
10 Aprile 2013 - 5:03PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of Lufkin Industries,
Inc. (“Lufkin” or the “Company”) (Nasdaq: LUFK) and other
violations of state law by the board of directors of Lufkin
relating to the proposed buyout of the Company by General Electric
Company. The firm’s investigation seeks to determine, among other
things, whether Lufkin’s board of directors breached their
fiduciary duties by failing to maximize shareholder value.
As stated in the press release announcing the proposed buyout,
Lufkin shareholders will receive $88.50 in cash for each share of
Lufkin common stock they own.
If you currently own common stock of Lufkin 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.
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