INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Parker Drilling Co. (PKD) for Potential Breaches of Fiduciary Duties over its Tender Offer to Acquire Senior Notes from Company Note Holders
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.
If you own notes or common stock in Parker Drilling and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Juan E. Monteverde
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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