The Shareholders Foundation announces that an investigation on behalf of stockholder, who currently hold NYSE:BHI shares, was launched concerning whether the takeover of Baker Hughes Incorporated by Halliburton Company for a value of approximately $78.62 per share is unfair.
Investors who purchased shares of Baker Hughes Incorporated (NYSE:BHI) and currently hold any of those NYSE:BHI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On November 17, 2014, Halliburton Company and Baker Hughes Incorporated announced an agreement under which Halliburton will acquire all the outstanding shares of Baker Hughes in a stock and cash transaction at a value of $78.62 per share. An investigation was announced by a law firm concerning whether certain officers and directors of Baker Hughes Incorporated breached their fiduciary duties in connection with the proposed acquisition.
Given that at least one analyst has set the high target price for NYSE:BHI shares at $92.00 per share, the investigation concerns whether the offer is unfair to NYSE:BHI stockholders. More specifically, the investigation concerns whether the Baker Hughes Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders’ best interests in connection with the proposed sale.
On November 28, 2014, NYSE:BHI shares closed at $57.00 per share.
Those who are current investors in Baker Hughes Incorporated shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com