Law Office of Brodsky & Smith, LLC Announces Investigation of Smith International, Inc.

Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Smith International, Inc. ("Smith” or the "Company”) (NYSE: SII) relating to the proposed acquisition by Schlumberger Limited ("Schlumberger”). Under the terms of the agreement, Smith shareholders will receive 0.6966 shares of Schlumberger in exchange for each share of Smith common stock they own.

The investigation concerns possible breaches of fiduciary duty and other violations of state law related to the Smith board’s approval of the proposed merger. The transaction appears to be unfair, in part, given that the deal valued the company at $45.84 a share but after the announcement Schlumberger stock price fell about 3% resulting in a decreased valuation of the company.

If you own shares of Smith and wish to discuss the legal ramifications of the proposed acquisition, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at investorrelations@brodsky-smith.com, or by calling toll free 877-LEGAL-90.