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Newman Ferrara LLP Announces Investigation of Dresser-Rand Group Inc.

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Newman Ferrara LLP has begun an investigation into potential claims against the board of directors of Dresser-Rand Group Inc. (“Dresser-Rand”) (NYSE:DRC) concerning its proposed sale to Siemens AG.

Under the terms of the proposed transaction, Dresser-Rand stockholders will receive $83.00 in cash for each share of Dresser-Rand stock owned. The proposed offer price represents a premium of only 3.9% to the $79.91 per share closing price of Dresser-Rand stock on September 19, 2014, the last trading day prior to the deal’s announcement. The $83.00 per share offer price also fails to provide any meaningful premium to the 52-week trading high of Dresser-Rand stock of $82.50 per share.

Should the proposed deal be completed, members of Dresser-Rand’s current management team will retain their roles with Siemens. The deal is expected to close by summer 2015.

Newman Ferrara’s investigation concerns whether Dresser-Rand’s Board of Directors has breached its fiduciary duties to act in the best interests of Dresser-Rand’s stockholders. The investigation focuses on the potential unfairness of the consideration being provided to Dresser-Rand’s stockholders and the process by which Dresser-Rand’s Board of Directors considered and approved the proposed deal.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at

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