Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Superior Well Services, Inc. (“Superior Well” or the “Company”) (NasdaqGS: SWSI) for potential breaches of fiduciary duty in connection with their conduct related to the sale of the Company to Nabors Industries Ltd. (“Nabors”) (NYSE: NBR). The proposed transaction offers Superior Well shareholders to only receive $22.12 in cash for each share they own. According to Thomson/First Call, at least one financial analyst values Superior Well’s common stock at $25.00 per share.
Whether the Superior Well Board of Directors breached their fiduciary duties to Superior Well stockholders by failing to conduct an adequate and fair sales process to sell the Company prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Superior Well shares and by how much this proposed transaction undervalues the Company to the detriment of Superior Well shareholders are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, through all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.
If you own common stock in Superior Well and wish to obtain additional information, please visit us at http://www.faruqilaw.com/superiorwell or contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.Attorney Advertising. (C) 2010 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.