Kendall Law Group Investigates Complete Production Services, Inc.
11 Ottobre 2011 - 5:23PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating Complete Production Services, Inc. (NYSE: CPX) for
shareholders in connection with the proposed acquisition by
Superior Energy Services, Inc. The national securities firm’s
investigation seeks to determine whether Complete Production
Services and its Board breached their fiduciary duties by entering
into the agreement without properly shopping for a deal that would
provide better value for shareholders. If you are a Complete
Production Services shareholder and would like additional
information about your rights, contact the Kendall Law Group at
877-744-3728 or by email at investor@kendalllawgroup.com.
On October 10, 2011, the companies announced the definitive
merger agreement under which Complete Production Services would be
acquired by Superior Energy Services, in a transaction valued at
approximately $2.7 billion. Under the terms of the agreement,
Complete Production Services stockholders will receive 0.945 common
shares of Superior Energy Services (NYSE: SPN) and $7.00 in cash
for each share of Complete Production Services/CPX common stock
held. According to Thompson/First Call, analysts have set a price
target as high as $55.00 per share for Complete Production
Services’ stock. The firm’s investigation seeks to determine
whether Complete Production Services and its Board undertook a fair
process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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