Shareholder Challenges Ensco-Pride Deal

As I mentioned in an earlier post, a lawsuit is usually filed challenging every deal.  The Ensco-Pride deal is just the latest deal to be scrutinized.  As the NY Times Dealbook notes, the shareholder alleges breaches of fiduciary duty and an unfair deal.  Pretty basic allegations, and allows the shareholders to review non-public information to get a better sense of the deal’s value.