Press release from Business Wire
Komlossy Law, P.A. Announces Investigation of Lufkin Industries, Inc.
Monday, April 08, 2013
Komlossy Law, P.A. Announces Investigation of Lufkin Industries, Inc.17:00 EDT Monday, April 08, 2013
HOLLYWOOD, Fla. (Business Wire) -- Komlossy Law, P.A. is investigating the Board of Directors of Lufkin Industries, Inc. (“Lukfin” or the “Company”) (NASDAQ:LUFK) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to General Electric Co. (“GE”)in a transaction valued at approximately $3.3 billion. Pursuant to the terms of the proposed transaction, Lufkin shareholders are to receive $88.50 in cash for each share of the Company's stock.
The investigation involves whether the Board of Directors of Lufkin breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into the transaction, and whether the transaction is fair to shareholders with respect to price, process and disclosure of all material information.
If you own Lufkin stock and wish to obtain additional information about your rights as a shareholder, or if you have information about the above investigation, please contact Emily C. Komlossy, Esq. via email at firstname.lastname@example.org or by telephone toll free at (855) 858-1233.
Komlossy Law, P.A. represents shareholders in complex litigation, including class action and derivative litigation. Komlossy Law, P.A. may co-counsel with another firm, or refer a case to another firm. More information is available through its website, www.komlossylaw.com, and upon request from the firm. Emily C. Komlossy is the attorney responsible for the content of this release.
|Emily C. Komlossy, Esq.|
|Komlossy Law, P.A.|
|2131 Hollywood Boulevard, Suite 408|
|Hollywood, FL 33020|
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Komlossy Law, P.A.
Emily C. Komlossy, Esq., 855-858-1233