Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pride International (“Pride” or the “Company”) (NYSE: PDE) concerning the proposed acquisition of the Company by Ensco plc.
Under the terms of the offer, Pride shareholders will receive 0.4778 newly-issued shares of Ensco plus $15.60 in cash for each share of the Company's common stock. Based on prior closing prices, the implied value of Pride shares is approximately $41.60 per share or a total transaction value of approximately $7.3 billion. The investigation is focused on the potential unfairness of the consideration to Pride shareholders, the process by which the Board of Directors considered the transaction, and potential conflicts of interests among Pride Board members.
If you are interested in discussing your rights as a Pride shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at
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