The Law Office of Joseph Klein Investigates Possible Breach of Fiduciary Duty by the Board of Superior Well Services, Inc. - SWSI
The Law Office of Joseph Klein is investigating the proposed acquisition of Superior Well Services, Inc. On August 9, 2010, Nabors Industries Ltd. and Superior Well announced that they have entered into a definitive merger agreement .
- New York, NY (1888PressRelease) August 10, 2010 - The Law Office of Joseph Klein is investigating the proposed acquisition of Superior Well Services, Inc. (NASDAQ: SWSI). On August 9, 2010, Nabors Industries Ltd. (NYSE: NBR) and Superior Well announced that they have entered into a definitive merger agreement whereby Nabors will acquire Superior Well Services, through a tender offer, for all outstanding shares of Superior Well common stock at a price of $22.12 per share in cash. Concerned shareholders should contact Joseph Klein directly at jk ( @ ) jkleinlawfirm dot com, or toll-free at: (877) STOK-180 (877-786-5180) dot
The investigation concerns whether board of directors of Superior Well may have breached their fiduciary duties to Superior Well shareholders by not adequately shopping the company before entering into this transaction and whether the consideration to be paid to Superior Well shareholders is unfair, inadequate, and substantially below the fair or inherent value of Superior Well. Indeed, when the parties announced this transaction, Superior Well also announced strong financial results for its second quarter 2010. Also, at least one analyst has projected that Superior Well's true inherent value is at least $25 per share. Finally, holders of approximately 34% of Superior Well outstanding common stock, including executives of the company have entered into agreements with Nabors to support the transaction and tender their shares.
If you own common stock in Superior Well and wish to obtain additional information about this investigation and what is being done to advance the shareholders' interests, please contact Joseph Klein, Esq. directly, via email at jk ( @ ) jkleinlawfirm dot com, by telephone Toll Free: 877-STOK-180 (877-786-5180), or visit http://www dot jkleinlawfirm dot com/superiorwell dot html dot
Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation.
CONTACT:
Joseph Klein, Esq.
1560 East 27th Street
Brooklyn, NY 11229
Telephone: (718) 947-0005
Fax: (718) 799-1443
Toll Free: (877) STOK-180 (877-786-5180)
E-Mail: jk ( @ ) jkleinlawfirm dot com
The Web: www.jkleinlawfirm.com
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam