The Law Firm of Wohl & Fruchter Commences Investigation into the Acquisition of Lufkin Industries, I

Before you go, we thought you'd like these...
Before you go close icon

The Law Firm of Wohl & Fruchter Commences Investigation into the Acquisition of Lufkin Industries, Inc. by General Electric Company

NEW YORK--(BUSINESS WIRE)-- The law firm of Wohl & Fruchter LLP has commenced an investigation into the proposed acquisition of Lufkin Industries, Inc. (Lufkin) (NAS: LUFK) by General Electric Company (GE).

Lufkin, based in Texas, makes pumping equipment that helps drillers extract more oil out of older fields or ones that need to be pumped because the oil and gas underground is not under enough pressure to be forced to the surface naturally.


On April 8, 2013, Lufkin announced that it had entered into an agreement for GE to acquire the company for $88.50/share in cash. The transaction is valued at $3.3 billion, including the assumption of debt.

Wohl & Fruchter's investigation concerns, among other things, the fairness of the process used to approve the acquisition and whether the board of directors of Lufkin breached its fiduciary duties in connection with the transaction.

Additional information is available at http://www.wohlfruchter.com/cases/lufk.

Persons with relevant information, and Lufkin shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

This release may be deemed to constitute attorney advertising.



Wohl & Fruchter LLP
J. Elazar Fruchter
845-425-4658
jfruchter@wohlfruchter.com
www.wohlfruchter.com

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article The Law Firm of Wohl & Fruchter Commences Investigation into the Acquisition of Lufkin Industries, Inc. by General Electric Company originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners