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 stockinfo@weisslawllp.com.
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 stockinfo@weisslawllp.com or fill out the
form on our website,
http://www.weisslawllp.com/chicago-bridge-iron-company-n-v/
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SOURCE WeissLaw LLP