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The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into the Board of Nicor - GAS

01-17-2011 02:29 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Levi & Korsinsky, LLP

Levi & Korsinsky is investigating the Board of Directors of Nicor Inc. for possible breaches of fiduciary duty and other violations of state law in connection with the potential sale of the Company to AGS Resources Inc.

New York, NY, January 17, 2011 -- Levi & Korsinsky is investigating the Board of Directors of Nicor Inc. (“Nicor” or the “Company”) (NYSE: GAS) for possible breaches of fiduciary duty and other violations of state law in connection with the potential sale of the Company to AGS Resources Inc. (“AGL Resources”) (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.

Click here to learn how to join the action: http://www.zlk.com/nicor-gas.html, or call: 877-363-5972.

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 E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlk.com/nicor-gas.html.

Contact: Levi & Korsinsky, LLP, Joseph Levi, Esq., Eduard Korsinsky, Esq., 30 Broad Street - 15th Floor, New York, NY 10004, Tel: (212) 363-7500, Toll Free: (877) 363-5972, Fax: (212) 363-7171, www.zlk.com

Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Jared Morine
Levi & Korsinsky, LLP
30 Broad Street, 15th Floor
New York, NY 10004
212-363-7500
jmorine@zlk.com
http://www.zlk.com

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