By Business Wirevia The Motley Fool
Filed under: Investing
Law Firm Brower Piven Announces Investigation of Lufkin Industries, Inc. Proposed Buyout
STEVENSON, Md.–(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”) (NAS: 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.
Brower Piven, A Professional Corporation
Stevenson, Maryland
Charles J. Piven, (410) 415-6616
hoffman@browerpiven.com
KEYWORDS: United States North America District of Columbia Maryland
INDUSTRY KEYWORDS:
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