Goldman Scarlato & Karon P.C. (“GSK”) has commenced an investigation of potential legal claims against the board of directors of Pride International, Inc. (“Pride International” or PDE) (NYSE:PDE) relating to the proposed buyout of Pride International by Ensco, PLC. The definitive acquisition agreement, announced on February 7, 2011, involves a combined stock-and-cash transaction valued at approximately $7.3 billion. The acquisition price reflects a value of only $41.60 per share to Pride International shareholders.
The investigation relates to the fairness of the proposed transaction to Pride International shareholders, possible breaches of fiduciary duty and other violations of state law by the board of directors of Pride International for approving this transaction, and whether Pride International’s board of directors acted in shareholders' best interests.
If you currently own shares of Pride International/PDE and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Mark S. Goldman, Esq. at (888) 668-4130 or email@example.com.
About Goldman Scarlato & Karon, P.C.GSK prosecutes securities fraud, consumer fraud, price-fixing, ERISA class actions, and shareholder-derivative actions throughout the U.S. The Firm’s lawyers have recovered hundreds of millions of dollars on behalf of consumers, investors, and businesses. To learn more about GSK, you may visit www.gsk-law.com.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV