Foster Wheeler Shareholder Alert: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Investigate Sale to AMEC plc

  Foster Wheeler Shareholder Alert: Former SEC Attorney Willie Briscoe and
  Powers Taylor LLP Investigate Sale to AMEC plc

Business Wire

DALLAS -- February 13, 2014

Former United States Securities and Exchange Commission attorney Willie
Briscoe and the securities litigation firm of Powers Taylor LLP are
investigating potential claims against the Board of Directors of Foster
Wheeler AG (“Foster”) (NasdaqGS: FWLT) related to the sale to AMEC plc for
shareholders. Under the terms of the definitive agreement Foster shareholders
will only receive 0.8998 shares of AMEC plc and $16 in cash for each share
owned, representing a value of approximately $32.69 per share based on the
close of trading price on February 12, 2014. This is well below at least one
analyst’s estimated value of $38 per share.

If you are an affected investor, and you want to learn more about the lawsuit
or join the action, contact Willie Briscoe at The Briscoe Law Firm, PLLC,
(214) 239-4568, or via email at WBriscoe@TheBriscoeLawFirm.com, or Patrick
Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at
shareholder@powerstaylor.com. There is no cost or fee to you.

The Foster investigation centers on whether Foster’s Board of Directors is
acting in the shareholders’ best interests, whether the board is properly
considering the proposed price for the shareholders, and whether the board has
employed an adequate process to review and act on the proposed transaction.
Notably, at least one analyst with Yahoo! Finance estimates that the true
inherent value of Foster could be as high as $38 per share.

The Briscoe Law Firm, PLLC is a full service business litigation and
shareholder rights advocacy firm with more than 20 years of experience in
complex litigation and transactional matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of
complex business litigation matters, including claims of investor and
stockholder fraud, shareholder oppression, shareholder derivative suits, and
security class actions.

Contact:

The Briscoe Law Firm, PLLC
Willie Briscoe, 214-239-4568
WBriscoe@TheBriscoeLawFirm.com
or
Powers Taylor LLP
Patrick Powers, 877-728-9607
shareholder@powerstaylor.com
 
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