NEW YORK, Dec. 9, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is investigating potential claims on behalf of investors of Nicor Inc. ("Nicor" or the "Company") (NYSE:GAS) against the Company's board of directors in connection with the proposed acquisition of the Company by AGL Resources Inc. ("AGL Resources") (NYSE:AGL). The proposed transaction is valued at approximately $2.4 billion. Nicor investors are advised to contact Fei-Lu Qian at 888-476-6529 or [email protected].
Under the terms of the definitive merger agreement, Nicor stockholders will receive $21.20 in cash and 0.8382 shares of AGL Resources common stock for each share of Nicor common stock held, which together represent a value of $53.00 per share. Four Nicor directors will join AGL Resources' Board after the merger. The investigation is focused on the potential unfairness of the price to the Company's shareholders and the process by which the board of directors considered the transaction.
The Pomerantz Firm, with offices in New York, Chicago and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See .
CONTACT: Pomerantz Haudek Grossman & Gross LLP Fei-Lu Qian (888) 476.6529 (888) 4.POMLAW [email protected]
