Rosen Law Firm Announces Investigation of Union Drilling, Inc. In Connection With Its Sale – UDRL

NEW YORK--(BUSINESS WIRE)--

The Rosen Law Firm, P.A. is investigating the Board of Directors of Union Drilling, Inc. UDRL for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Union Drilling to Sidewinder Drilling Inc.

If you would like to join the action please email or call Phillip Kim or Kevin Chan, toll-free, at 866-767-3653; or email at pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or obligation to you.

Under the terms of the transaction, shareholders will receive $6.50 per share for each share of Union Drilling stock they own. The transaction has a total value of approximately $242 million. The investigation relates to whether Union Drilling's Board breached its fiduciary duties in connection with entering into this transaction and whether Sidewinder Drilling is underpaying for Union Drilling's shares; consequently unlawfully harming Union Drilling's shareholders.

If you own Union Drilling common stock and wish to obtain additional information, you may contact Phillip Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

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