CAMERON ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Cameron International Corporation and Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO--()--Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of Cameron International Corporation (NYSE: CAM) breached their fiduciary duties in connection with the proposed sale of the Company to Schlumberger Limited.

Additional Information:

Cameron provides flow equipment products, systems, and services worldwide.

On August 26, 2015, Cameron announced it had signed a definitive merger agreement with Schlumberger. Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron share. However, Cameron shareholders will be subject to the future price fluctuation of Schlumberger’s stock price.

The investigation concerns whether Cameron’s board failed to satisfy their duties to the Company’s shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company’s shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration; especially given that one Wall Street analyst has a $76.00 price target on the stock which is far more than the offer price.

If you are a shareholder of Cameron and believe the proposed buyout price is too low or you’re interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (jimb@johnsonandweaver.com) at 619-814-4471. If emailing, please include a phone number where you can be reached.

About Johnson & Weaver, LLP:

Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.

Contacts

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com

Release Summary

CAMERON ALERT: Johnson & Weaver, LLP Launches an Investigation into the Proposed Sale of Cameron International Corporation and Encourages Investors to Contact the Firm for Additional Information

Contacts

Johnson & Weaver, LLP
Jim Baker, 619-814-4471
jimb@johnsonandweaver.com