On or around 11/28/2017 (Court's order of dismissal)
Filing Date: June 23, 2017
According to the Complaint, on May 29, 2017, Atwood’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”) with Ensco. Pursuant to the terms of the Merger Agreement, shareholders of Atwood will receive 1.60 Class A ordinary shares of Parent per Atwood share, valued at approximately $10.72 per share.
On June 16, 2017, defendants filed a Form S-4 Registration Statement (the “Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Registration Statement omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.
On June 26, 2017, Plaintiff filed a corrected amended Complaint.
On October 2, 2017, the Court issued an Order Consolidating Cases. The Consolidated Cases shall be identified as: “In Re Atwood Oceanics, Inc. Shareholder Litigation.”
This case was voluntarily dismissed as moot on November 6, 2017.
Company & Securities Information
Defendant: Atwood Oceanics, Inc.
Industry: Oil & Gas Operations
Headquarters: United States
Ticker Symbol: ATW
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Bernard Stern , et al. v. Atwood Oceanics, Inc., et al.