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:
, 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
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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