WeissLaw LLP Investigates Tesco Corporation Acquisition

           WeissLaw LLP Investigates Tesco Corporation Acquisition

PR Newswire

NEW YORK, Aug. 15, 2017

NEW YORK, Aug. 15, 2017 /PRNewswire/ -- WeissLaw LLP is investigating possible
breaches of fiduciary duty and other violations of law by the Board of
Directors of Tesco Corporation ("TESO" or the "Company") (NASDAQ: TESO) in
connection with the proposed acquisition of the Company by Nabors Industries
Ltd. ("NBR") (NYSE: NBR).  Under the terms of the acquisition agreement, the
Company's shareholders will receive 0.68 of a share of NBR for each TESO share
they own, representing consideration of $4.51 based on NBR's August 14 closing
price.  

WeissLaw is investigating whether TESO's Board acted to maximize shareholder
value prior to entering into the agreement.  Notably, TESO shares traded at
$4.80, or nearly $0.30 above the per-share consideration, two weeks ago on
August 1.  Additionally, at least one analyst set a target price of $9.00, or
$4.49 above the per-share consideration.  Finally, upon completion of the
transaction, TESO shareholders will own a meagre 10% of the outstanding NBR
shares. 

Given these facts, WeissLaw is investigating whether TESO's shareholders will
obtain their fair and proportionate share of the Company's continued success
and future growth prospects.  If you own TESO shares and would like more
information about your rights or our investigation, or if you have information
to share with us, please contact Joshua Rubin by telephone at (888) 593-4771
or by email at stockinfo@weisslawllp.com. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties.  We have recovered
over a billion dollars for defrauded clients and obtained important corporate
governance relief in many of these cases.  If you have information or would
like legal advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially misleading
information), consumer fraud (including false advertising, defective products,
or other deceptive business practices), or anti-trust violations, please email
us at stockinfo@weisslawllp.com or fill out the form on our website,
http://www.weisslawllp.com/tesco-corporation/

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SOURCE WeissLaw LLP

Website: http://www.weisslurie.com
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