SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Cameron International Corporation (CAM) Over the Proposed Sale of the Company to Schlumberger Limited
Faruqi & Faruqi, LLP, A Leading National Securities Firm Headquartered In New York City, Is Investigating the Board of Directors of Cameron International Corporation
NEW YORK, NY / CRWEPRESSRELEASE / September 17, 2015 /Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cameron International Corporation (“Cameron” or the “Company”) (NYSE: CAM) for potential breaches of fiduciary duties in connection with the sale of the Company for approximately $14.8 billion in a cash and stock.
The Company’s stockholders will only receive 0.716 shares of the Schlumberger common stock and $14.44 in cash for each Cameron share, or $67.54 per share in August 28, 2015 prices. However, the offer is significantly lower than the 52-week high and at least one analyst’s estimated value of $76.00 per share.
Click here for more information: www.faruqilaw.com/CAM. There is no cost or obligation to you.
The investigation focuses on whether Cameron’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this transaction undervalues the Company to the detriment of Cameron’s shareholders.
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. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Cameron and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/CAM.
Faruqi & Faruqi, LLP
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Attn: Juan E. Monteverde, Esq.
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SOURCE: Faruqi & Faruqi, LLP