Ryan & Maniskas, LLP Announces Investigation of Union Drilling, Inc.
17 Ottobre 2012 - 11:19PM
Business Wire
Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/udrl) is
investigating potential claims against the board of directors of
Union Drilling, Inc. (“Union Drilling” or the “Company”) (NASDAQ:
UDRL) concerning possible breaches of fiduciary duty and other
violations of law related to the Company’s efforts to sell the
Company to Sidewinder Drilling Inc., Houston-based land drilling
company controlled by Avista Capital Partners, in an all-cash deal
valued at about $242 million.
Our investigation concerns possible breaches of fiduciary duty
and other violations of law related to the approval of the
transaction by the Company’s board of directors; in particular,
whether the Company undertook a fair process to obtain fair
consideration for all shareholders of Union Drilling. 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 rmaniskas@rmclasslaw.com or visit:
www.rmclasslaw.com/cases/urdl.
Under the terms of the proposed transaction, Union Drilling
stockholders will receive approximately $6.50 in cash for each
share of Union Drilling they own.
If you own shares of Union Drilling 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: www.rmclasslaw.com/cases/udrl. You may also email
Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information
about class action cases in general, please visit our website:
www.rmclasslaw.com.
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.
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