NEW YORK, Dec. 21, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Chicago Bridge & Iron Company N.V. ("CBI" or the "Company") (NYSE: CBI) in connection with the proposed acquisition of the Company by McDermott International, Inc. ("MDR") (NYSE: MDR). Under the terms of the acquisition agreement, shareholders of CBI will be entitled to receive 2.4221 shares of MDR for each CBI share they own. Alternatively, in the event MDR effects its planned three-to-one reverse stock split, CBI shareholders will receive 0.82407 of a share of MDR for each CBI share they own.
WeissLaw is investigating whether CBI's Board acted to maximize shareholder value prior to entering into the agreement. Notably, upon completion of the transaction, MDR shareholders will own 53% of the newly combined company.
Given these facts, WeissLaw is investigating whether CBI shareholders will obtain their fair and proportionate share of the Company's continued success and future growth prospects. If you own CBI shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at firstname.lastname@example.org.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com or fill out the form on our website, http://www.weisslawllp.com/chicago-bridge-iron-company-n-v/
SOURCE WeissLaw LLP