Law Office of Brodsky & Smith, LLC Announces Class Action Lawsuit Against Union Drilling, Inc.
10 Octobre 2012 - 10:34PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it has
filed a class action lawsuit against the Board of Directors of
Union Drilling, Inc. (“Union Drilling” or the “Company”) (Nasdaq-
UDRL) relating to the proposed acquisition by Sidewinder Drilling,
Inc. (“Sidewinder”).
Under the terms of the transaction, Union Drilling shareholders
will receive only $6.50 in cash for each share of Union Drilling
stock they own. The class action lawsuit alleges breaches of
fiduciary duty, conflicts of interest, and various deal protections
which would prevent a superior offer. The transaction may
undervalue the Company and result in a substantial loss for many
Union Drilling shareholders.
If you own shares of Union Drilling stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://brodsky-smith.com/483-udrl-union-drilling-inc.html, by
calling toll free 877-LEGAL-90.
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