Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of Superior Well Services, Inc. (NASDAQ: SWSI - News) (referred to as "Superior Well" or the “Company”) by Nabors Industries Ltd. (referred to as “Nabors”) in a cash transaction valued at approximately $900 million.
The companies have signed a definitive agreement under which Nabors will promptly commence a tender offer for all outstanding shares of Superior Well common stock at a price of $22.12 per share in cash in accordance with the merger agreement.
Holders of approximately 34% of Superior Well’s common stock outstanding and have entered into agreements agreeing to tender their shares. Nabors expects the offer to close by the end of the third quarter. Following completion of the tender offer, Nabors will acquire any remaining shares of Superior Well through a second-step merger at the same price paid in the tender offer.
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 Superior Well 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 Superior Well and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: firstname.lastname@example.org. All e-mail correspondence should make reference to Superior Well. 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 . © 2010 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41 st 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 .