Kendall Law Group Investigates Boots and Coots, Inc. Merger for Shareholders
14 April 2010 - 4:41PM
Business Wire
Kendall Law Group, a national securities litigation firm, is
investigating Boots and Coots, Inc. (AMEX: WEL) (“Boots”) for
shareholders in connection to the proposed sale of the Company to
Halliburton Company. The firm is investigating whether Boots and
the Board breached their fiduciary duties by not properly shopping
the company prior to entering into the agreement. If you are a
Boots shareholder and would like additional information about your
rights, contact the Kendall Law Group at 877-744-3728 or by email
at skendall@kendalllawgroup.com.
On April 9, 2010, Boots announced that it had entered into an
agreement to be acquired by Halliburton Company in a $232 million
transaction that is expected to close by summer of 2010. According
to the agreement, shareholders will receive $1.73 in cash and $1.27
in Halliburton stock per WEL common stock owned. The $3.00 value
per share represents approximately 26% premium over the closing
price on the last trading day before the deal was announced. The
firm is concerned that Boots’ Board of Directors may have kept the
Company from reaching a deal that would provide better value of the
Company.
Kendall Law Group, founded by a former federal judge, includes a
former United States Attorney, prosecutors and securities lawyers
who are experienced in complex securities litigation. The firm has
been counsel in many merger and acquisition cases nationwide,
including some of the largest transactions in the United States.
You are encouraged to contact the firm if you have information
about this transaction.
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