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Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of Nicor Inc., in Connection with the Proposed

^{Published on 2010-12-08 06:21:30 - Market Wire}
 

BENSALEM, Pa.--([ BUSINESS WIRE ])--Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Nicor Inc. (aNicora or the aCompanya) (NYSE:GAS) related to the Companya™s agreement to merge with a subsidiary of AGL Resources. The proposed cash-and-stock transaction is valued at approximately $3.1 billion.

Under the terms of the definitive merger agreement entered into by the parties, for each share they own of the Companya™s common stock Nicor shareholders will be entitled to receive $21.20 in cash and 0.8382 shares of AGL Resources common stock. The proposed transaction is expected to be completed in the second half of 2011. Following completion of the merger, AGL Resources shareholders will own approximately 67 percent of the combined company and Nicor shareholders will own approximately 33 percent. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the proposed transaction by Nicora™s board of directors.

If you are a shareholder of Nicor, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to [ howardsmith@howardsmithlaw.com ], or visit our website at [ http://www.howardsmithlaw.com ].