Harwood Feffer LLP Announces Investigation of Complete Production Services, Inc.
10 Octobre 2011 - 9:15PM
Business Wire
Harwood Feffer LLP (www.hfesq.corn) is investigating potential
claims against the board of directors of Complete Production
Services, Inc. (“CPS” or the “Company”) (NYSE: CPX) concerning the
proposed acquisition of the Company by Superior Energy Services,
Inc. (“Superior”) in a transaction valued at approximately $2.7
billion.
On October 10, 2011, it was announced that CPS and Superior had
entered into a definitive agreement pursuant to which CPS would be
acquired by Superior. Under the terms of the agreement, CPS
stockholders will receive 0.945 shares of Superior common stock and
$7 cash for each share of CPS common stock held. The value of
combined cash and stock being offered per CPS share is
approximately $32.90. CPS stock has traded as high as $41.70 per
share as recently as July 25, 2011.
Our investigation concerns whether the board of directors has
breached its fiduciary duties by failing to adequately shop the
Company and whether the board undertook a fair process and obtained
fair consideration for CPS stockholders.
Harwood Feffer has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the
Harwood Feffer LLP website (http://www.hfesq.com) for more
information about the firm.
If you own CPS shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood, Esq.Daniella Quitt, Esq.Benjamin
Sachs-MichaelsHarwood Feffer LLP488 Madison AvenueNew York, New
York 10022Phone Numbers: (877) 935-7400(212) 935-7400Email:
rharwood@hfesq.corndquitt@hfesq.combsachsmichaels@hfesq.comWebsite:http://www.hfesq.com
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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