Faruqi & Faruqi, LLP Announces Investigation Related to the Acquisition of Superior Well Services, Inc. - SWSI
09 Août 2010 - 10:57PM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Superior Well Services, Inc. (“Superior Well” or the
“Company”) (NasdaqGS: SWSI) for potential breaches of fiduciary
duty in connection with their conduct related to the sale of the
Company to Nabors Industries Ltd. (“Nabors”) (NYSE: NBR). The
proposed transaction offers Superior Well shareholders to only
receive $22.12 in cash for each share they own. According to
Thomson/First Call, at least one financial analyst values Superior
Well’s common stock at $25.00 per share.
Whether the Superior Well Board of Directors breached their
fiduciary duties to Superior Well stockholders by failing to
conduct an adequate and fair sales process to sell the Company
prior to agreeing to this proposed transaction, whether the
proposed transaction undervalues Superior Well shares and by how
much this proposed transaction undervalues the Company to the
detriment of Superior Well shareholders are the key focus of this
investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, through all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Superior Well and wish to obtain
additional information, please visit us at
http://www.faruqilaw.com/superiorwell or contact Juan E.
Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or
by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law
firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
Superior Well Services (MM) (NASDAQ:SWSI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Superior Well Services (MM) (NASDAQ:SWSI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about Superior Well Services (MM) (NASDAQ): 0 recent articles
Plus d'articles sur Faruqi & Faruqi, LLP