SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Joy Global Inc. And Encourages Investors To Contact The Firm For Additional Information

STEVENSON, Md.--()--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Joy Global Inc. (NYSE: JOY) (“Joy Global” or the “Company”) relating to the proposed buyout of Joy Global by Komatsu America Corp., a subsidiary of Komatsu Ltd.

The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company’s shares of common stock.

Under the terms of the agreement, Joy Global shareholders are anticipated to receive $28.30 in cash for each share of Joy Global common stock held. The transaction may undervalue the Company and would result in no real gain or a loss for many long-term shareholders of Joy Global, especially given that the Company’s 52-week high is $28.63. Additionally, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Joy Global stock at $30.00 per share.

If you currently own common stock of Joy Global and believe that the proposed buyout price is too low, or you would like to learn more about the investigation being conducted by Brower Piven, please visit our website at You may also request more information by contacting Brower Piven either by email at or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.


Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153

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