NEW YORK, June 3, 2009 (GLOBE NEWSWIRE) -- Levi & Korsinsky ("L&K") is investigating breaches of fiduciary duty and other violations of state law by the Board of Directors of NATCO Group Inc. ("NATCO" or the "Company")(NYSE:NTG) arising out of their attempt to sell the Company to Cameron International Corporation ("Cameron") (NYSE:CAM). Under the terms of the agreement, NATCO shareholders will receive 1.185 shares of CAM stock for each share of NATCO they own. Based on the $32.45 June 1, 2009 closing price of CAM stock, NATCO shares are valued at approximately $38.45 per share for a total transaction value of approximately $780 million. The transaction appears unfair given that NATCO shares traded above $50 per share as recently as September 2008 and that the average price of CAM shares for the 90 days prior to the announcement was only $24.94 -- substantially less than its June 1st closing price.
If you own common stock in NATCO and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ntg1.html.
L&K has extensive experience in prosecuting investor securities litigation involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.