Law Offices of Howard G. Smith Announces Investigation on Behalf of Shareholders of T-3 Energy Services, Inc. in Connection w...
October 06 2010 - 7:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
T-3 Energy Services, Inc. (“T-3” or the “Company”) (NASDAQ:TTES)
related to the Company’s agreement to be acquired by Robbins &
Myers, Inc. (“Robbins & Myers”). The proposed cash-and-stock
transaction is valued at approximately $422 million.
Under the terms of the agreement entered into by the parties,
T-3 stockholders, for each share of the Company’s common stock they
own, will receive 0.894 common shares of Robbins & Myers plus
$7.95 in cash. If the transaction is completed, the combined
company will be led by Robbins & Myers’ existing management and
board of directors. The proposed transaction was unanimously
approved by T-3's board of directors. The transaction is expected
to close in late 2010 or early 2011. The investigation concerns
possible breaches of fiduciary duty and other violations of law
related to approval of the proposed transaction by T-3's board of
directors.
If you are a shareholder of T-3, if you have information or
would like to learn more about these claims, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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