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UDRL Union Drilling, Inc. (MM)

6.55
0.00 (0.00%)
15 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Union Drilling, Inc. (MM) NASDAQ:UDRL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.55 0 00:00:00

SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of Claims of Breaches of Fiduciary Duty by the Board of Union Drill

23/10/2012 1:05am

GlobeNewswire Inc.


Union Drilling, Inc. (MM) (NASDAQ:UDRL)
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Levi & Korsinsky notifies investors of Union Drilling, Inc. ("Union Drilling" or the "Company") (Nasdaq:UDRL) of claims of breaches of fiduciary duty and other violations of state law against the board of directors of the Company in connection with the sale of the Company to Sidewinder Drilling Inc. A complaint was filed in Texas state court.

Click here to learn more about the investigation: http://zlk.9nl.com/union-drilling-udrl, 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 claims concern 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 jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/union-drilling-udrl.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP
         Joseph Levi, Esq.
         Eduard Korsinsky, Esq.
         30 Broad Street - 24th Floor
         New York, NY 10004
         Tel: (212) 363-7500
         Toll Free:  (877) 363-5972
         Fax: (212) 363-7171
         www.zlk.com

1 Year Union Drilling, Inc. (MM) Chart

1 Year Union Drilling, Inc. (MM) Chart

1 Month Union Drilling, Inc. (MM) Chart

1 Month Union Drilling, Inc. (MM) Chart

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