Finkelstein Thompson LLP Announces Investigation Of Pride International, Inc.

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 [phone] or by email at [e-mail].

Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in financial litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers.

To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Copyright Business Wire 2010