The Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of Complete Production Services, Inc.

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the acquisition of Complete Production Services, Inc. (“Complete Production” or “CPX”) (NYSE: CPX) by Superior Energy Services, Inc. for CPX shareholders. Under the terms of the proposed agreement, Complete Production shareholders will receive only 0.945 shares of Superior Energy Services, Inc.’s common stock and $7.00 in cash for each share of Complete Production/CPX stock held. Under the terms of the acquisition, the value offered to CPX shareholders is approximately $32.90 per share. “We believe that the transaction may significantly undervalue Complete Production Services, Inc. stock, and our anticipated lawsuit will seek to obtain the highest share price for all shareholders,” said shareholder rights attorney Willie Briscoe.