Ameron Investor Sues Over $772M National Oilwell Deal

Law360, Wilmington (July 11, 2011, 6:01 PM EDT) -- An Ameron International Inc. shareholder lodged a putative class action in Delaware state court Friday challenging National Oilwell Varco Inc.'s $772 million bid for the industrial pipe maker, saying the offer is opportunistic and the result of a flawed sale process.

The deal shortchanges shareholders, plaintiff Deidre Graulich alleges, as it was timed to pounce on a 10 percent lull in Ameron’s stock price “as a result of the downturn in the overall economy and not because of any change in the company’s business fundamentals.”...
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