WILMINGTON, Del., Sept. 22, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC , a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of Dresser-Rand Group Inc. ("Dresser-Rand" or the "Company") relating to the sale of the Company to Siemens AG. On September 21, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Siemens will acquire Dresser-Rand in a merger in a deal worth $7.6 billion. As a result of the merger, Dresser-Rand shareholders are only anticipated to receive $83.00 per share in cash in exchange for each share of Dresser-Rand. Dresser-Rand shareholders will also receive an additional $0.55 per share on the first day of each month starting March 1, 2015 until the merger closes.
Our Firm's investigation has so far uncovered that the process leading up to the announcement of the merger appears to have some substantial conflicts of interest, thus making the process and consideration unfair. As indicated by Dresser-Rand, the Company's entire executive management team will continue their roles with Siemens upon commencement of the merger. Additionally, the consideration Dresser-Rand shareholders are expected to receive is inadequate. While the Company claims that shareholders will receive a premium for their shares, analysts at Yahoo! Finance have set a $100.00 per share price target for Dresser-Rand.
Andrews & Springer is also investigating whether Dresser-Rand directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.
If you own shares of Dresser-Rand and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/DRC or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com , or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc , Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com . This notice may constitute Attorney Advertising.
Craig J. Springer, Esq. Call Toll Free: 1-800-423-6013
