SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation Into Possible Breaches Of Fiduciary Duty By The Board Of Union Drilling, Inc. In Connection With The Sale Of The Company To Sidewinder Drilling Inc.
Levi & Korsinsky is investigating the Board of Directors of Union Drilling, Inc. (“Union Drilling” or the “Company”) (NasdaqGS: UDRL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Sidewinder Drilling Inc.
Click here to learn more about the investigation: http://zlk.9nl.com/union-drilling-udrl, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Union Drilling shareholders will receive $6.50 for each Union Drilling share they own. The transaction has a total approximate value of $242 million. The investigation concerns whether the Union Drilling Board of Directors breached their fiduciary duties to Union Drilling stockholders by failing to adequately shop the Company before entering into this transaction and whether Sidewinder Drilling Inc. is underpaying for Union Drilling shares, thus unlawfully harming Union Drilling stockholders. In particular, Union Drilling reported a book value of $8.76 per share for the most recent quarter.
If you own common stock in Union Drilling and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/union-drilling-udrl.Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171 www.zlk.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV