SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Rowan Companies plc to Ensco plc is Fair to Shareholders
NEW YORK, Oct. 08, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Rowan Companies plc (“Rowan” or the “Company”) (NYSE: RDC) stock prior to October 8, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Rowan to Ensco plc (NYSE: ESV). Under the terms of the transaction, Rowan shareholders will receive 2.215 Ensco shares for each Rowan share they own; based on the closing price of Ensco stock on October 5, 2018, this represents an approximate value of $18.78 per share. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/rowan-companies-plc
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Rowan merger investigation concerns whether the Board of Rowan breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Ensco is underpaying for Rowan shares, thus unlawfully harming Rowan shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. 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 E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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