Ryan & Maniskas, LLP (
) is investigating potential claims against the board of directors of Pride International, Inc. ("Pride International" or the "Company") (NYSE: PDE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Pride International to Ensco plc in a transaction valued at approximately $7.3 billion.
Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Pride International. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at
Under the proposed agreement, Pride International shareholders will receive a combination of 0.4778 shares of Ensco plc plus $15.60 in cash for each share they own of Pride International common stock.
If you own shares of Pride International and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit:
. You may also email Mr. Maniskas at
. For more information about class action cases in general, please visit our website:
Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.