Bull & Lifshitz, LLP Announces Investigation of Complete Production Services, Inc.
03 Noviembre 2011 - 8:00PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
sale of Complete Production Services, Inc. (NYSE: CPX) (referred to
as "Complete" or the “Company”) to Superior Energy Services, Inc.
(“Superior”) in a cash and stock transaction valued at
approximately $2.7 billion.
Under the terms of the agreement, Complete stockholders will
receive 0.945 common shares of Superior and cash of $7.00 in
exchange for each share of Complete common stock held at closing.
Upon closing, and reflecting the issuance of new Superior shares,
Superior and Complete stockholders are expected to own
approximately 52% and 48%, respectively, of Superior's outstanding
shares.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Complete common stock and want to discuss
your legal rights, you may e-mail or call Bull & Lifshitz, LLP
who will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Complete and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Complete.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2011 Bull & Lifshitz, LLP.
The law firm responsible for this advertisement is Bull &
Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212)
213-6222. Prior results do not guarantee or predict a similar
outcome with respect to any future matter.
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