An investigation on behalf of investors of Cameron International Corporation (NYSE:CAM) in connection with the proposed takeover was announced and NYSE:CAM stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/16/2015 -- An investigation for investors, who currently hold NYSE:CAM shares, is ongoing concerning whether the takeover of Cameron International Corporation by Schlumberger Limited for a value of approximately $66.36 per share is unfair.
On Aug. 26, 2015 Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE:CAM) announced a merger agreement in which the companies will combine in a stock and cash transaction.
Investors who purchased shares of Cameron International Corporation (NYSE:CAM) and currently hold any of those NYSE:CAM shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 858-779-1554.
The investigation by a law firm concerns whether certain officers and directors of Cameron International Corporation breached their fiduciary duties owed to YSE:CAM investors in connection with the proposed acquisition.
Under the terms of the agreement, Cameron International Corporation (NYSE:CAM) shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron International Corporation (NYSE:CAM) share.
However, given that at least one analyst has set the high target price for NYSE:CAM shares at $76.00 per share, the investigation concerns whether the offer is unfair to NYSE:CAM stockholders. More specifically, the investigation concerns whether the Cameron International Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
On September 15, 2015, NYSE:CAM shares closed at $64.30 per share.
Those who are current investors in Cameron International Corporation (NYSE:CAM) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com