ATLANTA, March 3, 2010 (GLOBE NEWSWIRE) -- Holzer Holzer & Fistel, LLC is investigating whether Smith International Inc.'s ("Smiths" or the "Company") (NYSE:SII) directors complied with their fiduciary duties in approving the proposed buyout of the Company by Schlumberger LTD. According to the companies' joint announcement, Smith shareholders will receive 0.6966 shares of Schlumberger stock for each share of Smith they own. The investigation seeks to determine, among other things, whether the consideration to be paid to Smith shareholders is fair and adequate.
Current holders of Smith common stock with questions concerning their legal rights are encouraged to contact Holzer Holzer & Fistel, LLC and its attorneys Corey D. Holzer, Esq. or Marshall P. Dees, Esq. via email at cholzer@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer Holzer & Fistel, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.