NEW YORK, March 14, 2014 (GLOBE NEWSWIRE) -- Levi & Korsinsky notifies investors of Foster Wheeler AG ("Foster Wheeler" or "the Company") (Nasdaq:FWLT) of claims of breaches of fiduciary duty in connection with the proposed sale of the Company to AMEC plc. A complaint was filed in Texas state court.
Click here to learn more about the action http://zlk.9nl.com/foster-wheeler-fwlt, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Foster Wheeler shareholders will receive 0.8998 shares of AMEC common stock and $16.00 in cash for each share of Foster Wheeler stock they own, representing an approximate value of $32.40 per share. The claims concern whether Foster Wheeler is engaging and in a fair and adequate process sales process and whether AMEC plc is underpaying for Foster Wheeler shares. In particular at least one analyst set a price target for Foster Wheeler stock at $38.00 per share.
If you own Foster Wheeler common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/foster-wheeler-fwlt.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.comSource:Levi & Korsinsky, LLP