Bernstein Liebhard LLP is investigating whether the Board of Directors of Superior Well Services Inc. (“Superior Well” or the “Company”) (NASDAQ: SWSI) breached its fiduciary duty to its shareholders in agreeing to sell Superior Well to Nabors Industries Ltd. (“Nabors”) (NYSE: NBR).
Under the terms of the agreement, Superior Well shareholders will receive approximately $22.12 in cash for each share they own, placing the total value of the transaction at approximately $900 million. Nabors expects the offer to close by the end of the third quarter. The investigation is focused on the potential unfairness of the price to Superior Well shareholders and the process by which the Superior Well Board of Directors considered and approved the transaction.
If you are interested in discussing your rights as a Superior Well shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com.
Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years.
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