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Shareholder Alert: Ademi LLP investigates whether ChampionX Corporation has obtained a Fair Price in its transaction with SLB

7Newswire

MILWAUKEEApril 2, 2024 /7Newswire — Ademi LLP is investigating ChampionX (Nasdaq: CHX) for possible breaches of fiduciary duty and other violations of law in its transaction with SLB.

Click here to learn how to join the https://www.ademilaw.com/case/championx-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, ChampionX shareholders will receive only 0.735 shares of SLB common stock in exchange for each ChampionX share.  The transaction agreement unreasonably limits competing transactions for ChampionX by imposing a significant penalty if ChampionX accepts a competing bid. ChampionX insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of ChampionX’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

If you own ChampionX common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/championx-corporation.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP