Levi & Korsinsky is investigating the Board of Directors of Joy Global, Inc. (NYSE: JOY) in connection with the sale of the Company to Komatsu Ltd. Under the terms of the transaction, Joy Global shareholders will receive $28.30 in cash for each share of Joy Global stock they own.
The investigation concerns whether the Board of Joy Global breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Komatsu is underpaying for Joy Global shares. In particular, at least one analyst has set a price target of $30.00 per Joy Global share.
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