BALA CYNWYD, Pa., Aug. 11, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Robbins & Myers, Inc. ("Robbins & Myers" or the "Company") (NYSE: RBN) relating to the proposed acquisition by National Oilwell Varco, Inc. (NYSE: NOV).
Under the terms of the transaction, Robbins & Myers shareholders will receive only $60.00 per share in cash for each share of Robbins & Myers stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Robbins & Myers for not acting in the Company's shareholders' best interests in connection with the sale process to NOV. The transaction may undervalue the Company as, for example, an analyst has set a target price for Robbins & Myers stock at $65.00 per share.
If you own shares of Robbins & Myers stock 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 [email protected] visiting http://brodsky-smith.com/465-rbn-robbins--myers-inc.html, or by calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC