DRESSER-RAND INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Dresser-Rand Group Inc. Over the Proposed Sale of the Company to Siemens AG - DRC
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 Dresser-Rand Group Inc. (“Dresser-Rand” or the “Company”) (NYSE: DRC) for potential breaches of fiduciary duties in connection with the sale of the Company to Siemens AG (“Siemens”) for approximately $7.6 billion. The Company’s stockholders will receive $83.00 for each share of Dresser-Rand common stock they own.
The investigation focuses on whether Dresser-Rand’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Dresser-Rand’s shareholders.
If you own common stock in Dresser-Rand 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.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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