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The Law Office of Joseph Klein is Investigating into the Possible Breaches of Fiduciary Duty by the Board of Nicor Inc. in Conn

^{Published on 2010-12-14 11:50:29 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Law Office of Joseph Klein is investigating the Board of Directors of Nicor Inc. (NYSE: GAS) for possible breaches of fiduciary duty and other violations of state law in connection with the potential sale of the Company to AGL Resources Inc. (NYSE: AGL). Under the terms of the transaction, Nicor shareholders will receive $21.20 in cash and 0.8382 shares of AGL Resources for each share they own for a total transaction value of approximately $3.1 billion. The transaction values Nicor stock at $53.00 based on the volume-weighted price for AGL Resources common stock for the 20 trading days ended December 1, 2010. The combined entity will have an enterprise value of $8.6 billion.

The investigation concerns whether the Nicor Board of Directors breached their fiduciary duties to Nicor stockholders by failing to adequately shop the Company before entering into this transaction and whether AGL Resources is underpaying for Nicor shares.

If you own common stock in Nicor and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at [ jk@jkleinlawfirm.com ], by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit [ http://www.jkleinlawfirm.com/nicorgas.html ].

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.