N@N

Finkelstein Thompson LLP Announces Investigation of Nicor, Inc.

^{Published on 2010-12-08 16:35:28 - Market Wire}
 

WASHINGTON--([ BUSINESS WIRE ])--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Nicor, Inc. (aNicora or the aCompanya) (NYSE: GAS) concerning the proposed acquisition of the Company by AGL Resources. Under the terms of the offer, Nicor shareholders will receive $21.20 in cash and 0.8382 shares of AGL Resources common stock (NYSE: AGL) for each share of Nicor common stock held for total consideration of $52.32 based on December 6, 2010 closing prices. The transaction is valued at approximately $2.4 billion.

The investigation is focused on the potential unfairness of the deal price to Nicor shareholders, the process by which the Nicor Board of Directors considered the transaction, and potential conflicts of interests among Nicor Board members. The implied value of the total consideration offered represents a mere 13% premium over Nicora™s closing price on the day before the deal was announced. Additionally, under the terms of the merger agreement, four Nicor directors will be joining the AGL Resources Board after the merger.

If you are interested in discussing your rights as a Nicor shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, D.C. offices at (877) 337-1050 or by email at [ contact@finkelsteinthompson.com ].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at [ www.finkelsteinthompson.com ]. Attorney advertising. Prior results do not guarantee similar outcomes.