SOURCE: Levi & Korsinsky, LLP

Levi & Korsinsky, LLP

March 20, 2014 17:13 ET

INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Investors of FOSTER WHEELER AG of Class Action Against Its Board of Directors In Connection With the Proposed Sale of the Company to AMEC plc -- FWLT

NEW YORK, NY--(Marketwired - Mar 20, 2014) - Levi & Korsinsky notifies investors of Foster Wheeler AG ("Foster Wheeler" or "the Company") (NASDAQ: FWLT) of claims of breaches of fiduciary duty in connection with the proposed sale of the Company to AMEC plc. A complaint was filed in Texas state court.

Click here to learn more about the action, or call: 877-363-5972. There is no cost or obligation to you.

Under the terms of the transaction, Foster Wheeler shareholders will receive 0.8998 shares of AMEC common stock and $16.00 in cash for each share of Foster Wheeler stock they own, representing an approximate value of $32.40 per share. The claims concern whether Foster Wheeler is engaging and in a fair and adequate process sales process and whether AMEC plc is underpaying for Foster Wheeler shares. In particular at least one analyst set a price target for Foster Wheeler stock at $38.00 per share.

If you own Foster Wheeler common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit

Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information

  • Levi & Korsinsky, LLP
    Joseph Levi, Esq.
    Eduard Korsinsky, Esq.
    30 Broad Street - 24th Floor
    New York, NY 10004
    Tel: (212) 363-7500
    Toll Free: (877) 363-5972
    Fax: (866) 367-6510