21:01:57 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of Dresser-Rand Group, Inc. - DRC

2014-09-22 14:03 ET - News Release

NEW YORK, Sept. 22, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Dresser-Rand Group, Inc. ("Dresser-Rand" or the "Company") (NYSE: DRC) (ISIN: US2616081038) (CUSIP: 261608103) concerning the proposed acquisition of by Dresser-Rand by Siemens AG.

Dresser-Rand shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at rswilloughby@pomlaw.com or 212-661-1100 or 888-476-6529, ext. 237.

The investigation concerns whether the Dresser-Rand directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value.   Under the terms of the proposed acquisition, Dresser-Rand shareholders will receive $83.00 per share in cash for each outstanding share of Dress-Rand common stock with additional per share cash consideration of $0.55 that shall be applied on the first day of each month starting March 1, 2015, until the closing of the proposed acquisition occurs. However, an analyst recently set a target price for Dresser-Rand at $100.00 per share.

Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.

CONTACT:
Robert Willoughby
Pomerantz LLP
212-661-1100 ext. 237
rswilloughby@pomlaw.com

SOURCE Pomerantz LLP

© 2024 Canjex Publishing Ltd. All rights reserved.