NEW YORK, Jan. 22, 2014
/PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national
securities firm headquartered in New York
City, is investigating the Board of Directors of Parker
Drilling Co. ("Parker Drilling" or
the "Company") (NYSE: PKD) for potential breaches of fiduciary
duties in connection with their conduct related to the Company's
January 7, 2014 announcement, 'Parker
Drilling Announces Cash Tender Offer and Consent Solicitation for
9.125% Senior Notes Due 2018'. In the press release, Parker Drilling announced that it has commenced
a cash tender offer to purchase any and all of the Company's
outstanding 9.125% Senior Notes due 2018 ("Notes") and a related
solicitation of consents from the holders of the Notes.
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Parker Drilling's acquisition of
note holders' Senior Notes might not be in the best interest of the
Company's stockholders and note holders. If you are a Parker Drilling stockholder or note holder,
please contact us before February 4,
2014.
Request more information now by clicking here:
www.faruqilaw.com/PKD. There is no cost or obligation to
you.
The investigation focuses on whether Parker Drilling's Board of Directors breached
their fiduciary duties to the Company's stockholders by failing to
conduct an adequate and fair sales process prior to agreeing to
this proposed transaction, whether and by how much this proposed
transaction undervalues the Company to the detriment of
Parker Drilling's shareholders and
note holders.
Faruqi & Faruqi, LLP is a national law firm which represents
investors and individuals in class action litigation. The
firm is focused on providing exemplary legal services in complex
litigation in the areas of securities, shareholder, antitrust and
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If you own notes or common stock in Parker Drilling and wish to obtain additional
information and protect your investments free of charge, please
visit us at www.faruqilaw.com/PKD or contact Juan E. Monteverde, Esq. either via e-mail at
jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or
(212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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