Law Office of Abe Shainberg Announces Investigation of Possible Breach of Fiduciary Duty by the Board of Superior Well Servic...
11 Agosto 2010 - 3:44PM
Business Wire
The Law Office of Abe Shainberg is investigating the Board of
Directors of Superior Well Services Inc. (NasdaqGS: SWSI) for
possible breaches of fiduciary duty and other violations of state
law in connection with their attempt to sell the Company to Nabors
Industries, Inc. (NYSE: NBR). Under the terms of the deal, Nabors
will pay $22.12 in cash per share for a total transaction value of
approximately $900 million. Holders of approximately 34% of
Superior Well outstanding common stock have entered into agreements
to support the transaction and tender their shares.
The investigation concerns whether board of directors of
Superior Well have breached their fiduciary duties to Superior Well
shareholders by not adequately shopping the company before entering
into this transaction and whether the tender offer price to be paid
to Superior Well shareholders is adequate. At least one analyst has
projected a target price for Superior Well stock at least $25 per
share.
If you own common stock in Superior Well and wish to obtain
additional information, please contact Abe Shainberg, Esq.
directly, via email at as@ashainberglaw.com, by telephone at
212.425.7268, or visit
http://www.ashainberglaw.com/superior-well.html.
Mr. Shainberg has expertise in prosecuting investor securities
litigation, is a certified and registered arbitrator and mediator
involving financial matters, and represents investors in various
matters nationwide.
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