NEW YORK, Aug. 31, 2015 /PRNewswire/ – 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
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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.
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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.
Contact: Faruqi & Faruqi, LLP 369 Lexington Avenue, 10th Floor New York, NY 10017 Attn: Juan E. Monteverde, Esq. email@example.com Toll Free: (877) 247-4292 Phone: (212) 983-9330
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