Faruqi & Faruqi, LLP Announces Investigation of Complete Production Services, Inc.

NEW YORK--(BUSINESS WIRE)--Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Complete Production Services, Inc. (“Complete” or the “Company”) (NYSE: CPX) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Superior Energy Services, Inc. (“Superior”) (NYSE: SPN) in a cash and stock deal valued at about $2.7 billion. Under the terms of the proposed transaction, Complete stockholders will receive 0.945 common shares of Superior and $7 in cash in exchange for each share of Complete common stock they own, with a combined value of $30.62 per share as of Thursday’s close. According to Yahoo! Finance, at least one financial analyst has set a price target of $55 for Complete.