San Diego, Oct. 10, 2011 (Shareholders Foundation) -- The announcement that Complete Production Services, Inc. (NYSE: CPX) agreed to be merger with Superior Energy Services, Inc at a value of $32.90 per CPX share prompted an investigation on behalf of investors of Complete Production Services, Inc. (NYSE:CPX) concerning whether the offer to acquire Complete Production Services and the buyout process are unfair to investors of Complete Production Services (CPX) and whether certain of its officers and directors or others breach their fiduciary duties owed investors in NYSE CPX shares.

The investigation by a law firm concerns whether Complete Production Services, certain of its officers and directors, and/or others breached their fiduciary duties owed Complete Production Services, Inc. (NYSE: CPX) investors in connection with the proposed acquisition.

On, Monday, Oct. 10, 2011, Superior Energy Services, Inc. (NYSE: SPN) and Complete Production Services, Inc. (NYSE: CPX) announced that their Boards of Directors have approved a merger agreement combining the two companies. Under terms of the proposed transaction, Complete Production Services stockholders will receive 0.945 common shares of Superior Energy Services and cash of $7.00 in exchange for each share of Complete Production Services, Inc. (NYSE: CPX) common stock held at closing. Based on a closing price of 27.41 of NYSE SPN shares on Friday Oct 7, 2011 Complete Production Services stockholders will receive a value of $32.90 per CPX share. Coplete Production Services said that the offer represents a premium of 29% to Complete Production Services' average price over the last two months. Following the takeover news shares of Complete Production Services, Inc. (Public, NYSE:CPX) jumped from a close of $xx on Friday, October 7,2011, to $29.33 on Monday.

However, shares of Complete Production Services, Inc. (Public, NYSE:CPX) traded as recently as July 25, 2011 as high as $41.70 per share, thus well above the current offer.

Additionally, at least one analyst has set the high target price for NYSE CPX shares as high as $55 per share.

Therefore the investigation concerns on whether Superior Energy Services, Inc would underpay for NYSE:CPX shares, thus unlawfully harming NYSE: CPX stockholders.

The investigation concerns whether the Complete Production Services Board of Directors undertook an adequate sales process and in particular breached their fiduciary duties to Complete Production Services, Inc. (CPX) shareholders by failing to adequately shop the Company before entering into this transaction.

Complete Production Services financial performance increased over the past two annual filing periods. Its 12months Total Revenue rose from $1.05billion in 2009 to $1.56billion in 2010 and Complete Production Services, Inc. was able to pull out of a Net Loss of $181.67million for 2009 and report for 2010 a Net Income of $84.16million. Complete Production Services reported for the second quarter 2011 a quarterly Revenue of $551.97million compared to $360.25million one year earlier and its second quarter Net Income rose from $15.67million last year to $54.51million for the second quarter in 2011.Furthermore shares over all grew over the past years at an exceptional growth rate. NYSE: CPX shares grew from as low as $2.40 during March 09 to as high as $31.46 per share in December 2010. CPX stocks continued to grow throughout 2011 until over $40 per share in July.

A potential securities class action lawsuit would seek to maximize the amount of money and information
NYSE:CPX shareholders would receive in a buyout, so the law firm.