FOSTER WHEELER SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Foster Wheeler AG Over the Proposed Sale of the Company to AMEC plc
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Foster Wheeler AG (“Foster Wheeler” or the “Company”) (NasdaqGS: FWLT) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to AMEC plc in a cash and stock deal valued at approximately $3.3 billion. Under the terms of the proposed transaction, Foster Wheeler’s stockholders will receive 0.8998 shares of AMEC stock and $16.00 cash for each share of Foster Wheeler common stock they own.
The investigation focuses on whether Foster Wheeler’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Foster Wheeler’s shareholders.
If you own common stock in Foster Wheeler and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.