NEW YORK, July 14, 2008 (PRIME NEWSWIRE) -- Levi & Korsinsky announces an investigation on the proposed acquisition of Hercules Incorporated ("Hercules" or the "Company") (NYSE:HPC).
On July 10, 2008, Hercules announced that it has entered into a definitive merger agreement with Ashland, Inc. ("Ashland"). Under the terms of the proposal, Hercules's shareholders would receive $18.60 per share in cash and 0.093 of a share of Ashland common stock, which has an approximate combined value of $23.01 per each share of Hercules. Subject to customary conditions and regulatory approvals the acquisition will be completed in the fourth quarter of 2008. Upon closing, Hercules will no longer be publicly traded. If you own common stock in Hercules and wish to obtain additional information please contact us at the number listed below.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
About Hercules Incorporated
Hercules Incorporated engages in the manufacture and marketing of specialty chemicals and related services for business, consumer, and industrial applications worldwide.