Under the terms of the transaction, Joy Global shareholders will receive only $28.30 in cash for each share of Joy Global stock they own. The investigation concerns whether the Board of Joy Global breached their fiduciary duties to shareholders and whether Komatsu is underpaying for the Company. The transaction may undervalue the Company and would result in a loss for many long-term Joy Global shareholders. For example, Joy Global stock traded at $45.07 per share on February 25, 2015 and traded at $61.24 per share on July 29, 2014. In addition, the transaction is below the premium for comparable transactions.
If you own shares of Joy Global stock and wish to discuss the legal ramifications of the investigation, 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 510, Bala Cynwyd, PA 19004, by visiting http://brodsky-smith.com/1105-joy-joy-global-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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