September 25, 2015 (Shareholders Foundation) - An investor who currently holds shares of Cameron International Corporation (NYSE:CAM), filed a lawsuit in effort to halt the proposed takeover of Cameron International Corporation by Schlumberger Limited for a value of approximately $66.36 per share.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:CAM stockholders by agreeing to sell NYSE:CAM too cheaply via an unfair process to Schlumberger Limited.

On Aug. 26, 2015 Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE:CAM) announced a merger agreement in which the companies will combine in a stock and cash transaction. Under the terms of the agreement, Cameron International Corporation (NYSE:CAM) shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share. Based on the closing stock prices of both companies on August 25, 2015, the agreement places a value of $66.36 per Cameron International Corporation (NYSE:CAM) share.

However, the plaintiff claims that the proposed consideration NYSE:CAM shareholders will receive is grossly inadequate and undervalues Cameron International Corporation. Indeed, at least one analyst has set the high target price for NYSE:CAM shares at $76.00 per share. Furthermore, Cameron International Corporation reported that its annual Total Revenue rose from over $6.95 billion in 2011 to over $10.38 billion in 2014 and that its respective Net Income increased from $521.9 million to $811 million. In addition, the plaintiff claims that the process is also unfair to NYSE:CAM stockholders