Faruqi & Faruqi, LLP Announces Investigation of Complete Production Services, Inc.
15 Ottobre 2011 - 1:00AM
Business Wire
Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of
Directors of Complete Production Services, Inc. (“Complete” or the
“Company”) (NYSE: CPX) for potential breaches of fiduciary duties
in connection with their conduct related to the sale of the Company
to Superior Energy Services, Inc. (“Superior”) (NYSE: SPN) in a
cash and stock deal valued at about $2.7 billion. Under the terms
of the proposed transaction, Complete stockholders will receive
0.945 common shares of Superior and $7 in cash in exchange for each
share of Complete common stock they own, with a combined value of
$30.62 per share as of Thursday’s close. According to Yahoo!
Finance, at least one financial analyst has set a price target of
$55 for Complete.
Request more information now by clicking here:
www.faruqilaw.com/CPX
Whether Complete’s Board of Directors breached their fiduciary
duties to the Company’s stockholders by failing to conduct an
adequate and fair sales process prior to agreeing to this proposed
transaction, whether the proposed transaction undervalues
Complete’s shares and by how much this proposed transaction
undervalues the Company to the detriment of Complete shareholders
are the key focus of this investigation.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The firm is
focused on providing exemplary legal services in complex litigation
in the areas of securities, shareholder, antitrust and consumer
litigation, throughout all phases of litigation. The firm has an
experienced trial team which has achieved significant victories on
behalf of the firm’s clients.
If you own common stock in Complete and wish to obtain
additional information, please visit us at www.faruqilaw.com/CPX or
contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP369 Lexington Avenue, 10th FloorNew
York, NY 10017Attn: Juan E. Monteverde,
Esq.jmonteverde@faruqilaw.comToll Free: (877) 247-4292Phone: (212)
983-9330
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firm responsible for this advertisement is Faruqi & Faruqi, LLP
(www.faruqilaw.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter. We are happy to
discuss your particular case.
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