DALLAS, June 18, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group, led by a former Federal Judge and U.S. Attorney, is investigating shareholder claims arising from the proposed acquisition of Natco Group, Inc. (NYSE:NTG) by Cameron International Corp. (NYSE:CAM).
Under the terms of the agreement, Natco shareholders will receive 1.185 shares of Cameron common stock per share of Natco stock in a transaction valued at approximately $780 million. The investigation is focused on the fairness of the merger price and on the process by which the Natco Board of Directors approved the agreement.
The fairness of the transaction is at issue because Natco shares traded above $50 per share as recently as September 2008 and the average price of Cameron shares for the 90 days prior to the announcement was only $24.94 -- substantially less than its June 1st closing price. In fact, Cameron shares have been above $30.00 for only 3 days since October 2008.
Natco shareholders who are interested in ensuring a fair price and process should contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. Kendall Law Group was founded by a former Federal Judge and US Attorney. The firm is highly experienced in preserving the rights of shareholders involved in corporate acquisitions. For more information about shareholder rights, this case, and Kendall Law Group, please visit www.kendalllawgroup.com.
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