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Nicor, Inc. Board Investigated by Wolf Haldenstein

^{Published on 2010-12-07 14:10:21 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Nicor, Inc. (aNicora or the aCompanya) (NYSE: GAS) arising out of the proposed acquisition of Nicor by AGL Resources, Inc. (aAGLa).

On Tuesday, December 7, 2010, AGL and Nicor announced that AGL will acquire Nicor pursuant to a cash and stock offer. Under the terms of the agreement, Nicor stockholders will receive cash of $21.20 and 0.8382 shares of AGL common stock in exchange for each share of Nicor common stock. However, the Company may not have adequately shopped itself before entering into this transaction and, pursuant to this proposed transaction, AGL may be underpaying for Nicor, thus unlawfully harming Nicor shareholders.

Wolf Haldenstein has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country. The firm has approximately 70 attorneys in various practice areas; and offices in Chicago, New York City, San Diego, and West Palm Beach. The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation. Please visit the Wolf Haldenstein website ([ http://www.whafh.com ]) for more information about the firm.

If you own Nicor common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.