Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Superior Well Services, Inc. (“Superior Well” or the “Company”) (Nasdaq:SWSI) concerning the proposed acquisition of the Company by Nabors Industries Ltd. (“Nabors”) (NYSE:NBR). On August 9, 2010, the Company and Nabors announced that they have entered into a merger agreement whereby Nabors will acquire all outstanding shares of Superior in a tender offer for $22.12 per share in cash.
The investigation is focused on the potential unfairness of the consideration to Superior Well shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among the Company’s Board members. According to Yahoo! Finance, at least one analyst has set a target price of $25.00 for Superior Well stock – almost $3 per share more than the tender offer price.
If you are interested in discussing your rights as a Superior Well shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at firstname.lastname@example.org.
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