T-3 Energy Services, Inc. Merger Litigation (Nasdaq: TTES)
Law Office of Brodsky & Smith, LLC Announces Investigation of T-3 Energy Services, Inc.
BALA CYNWYD – (BUSINESS WIRE) Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of T-3 Energy Services, Inc. (“T-3” or the “Company) (Nadaq: TTES - News), related to the Company’s agreement to be acquired by Robbins & Myers, Inc.. (“Robbins & Myers”). Under the proposed transaction T-3 shareholders will receive $7.95 in cash and 0.0894 of Robbins & Myers stock for each share of T-3 stock they own. This values T-3 stock at approximately $31.80 per share.
The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the T-3 board’s approval of the proposed transaction, including whether the Board failed to adequately shop the Company and whether the proposed transaction undervalues T-3 shares. The transaction appears to be unfair, in part, given that T-3 stock was trading at $32.89 a share as recently as June 16, 2010 and was trading at $30.38 a share on May 3, 2010.
If you own shares of T-3 and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, or by calling toll free 877-LEGAL-90.
To Join the T-3 Energy Services, Inc. Litigation
Fill out this form
The complaint is unavailable at this time