GeoResources Inc. Board of Directors Under Investigation for Potential Breaches of Fiduciary Duty by Glancy Binkow & Goldberg...
26 Abril 2012 - 4:07PM
Business Wire
Glancy Binkow & Goldberg LLP announces that it is
investigating potential claims against the Board of Directors of
GeoResources Inc. (“GeoResources” or the “Company”) (NASDAQ: GEOI)
related to the proposed acquisition of the Company by Halcon
Resources Corp. The cash-and-stock transaction is valued at
approximately $1 billion, and offers shareholders $37.97 per
share.
This investigation concerns whether the Board of Directors of
GeoResources breached their fiduciary duties to stockholders by
failing to adequately shop the Company before agreeing to enter
into the proposed transaction, and whether the Company has
disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth. Its
share price has skyrocketed from $16.02 on October 3, 2011 to
$35.55 on March 19, 2012. Further, at least one analyst has set a
target price for the Company’s stock at $43.00 per share.
If you are a shareholder of GeoResources, if you have
information or would like to learn more about our investigation, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Louis Boyarsky, Esquire,
Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite
2100, Los Angeles, CA 90067, by telephone at 310-201-9150 or Toll
Free at 888-773-9224 or by email to shareholders@glancylaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
Georesources (NASDAQ:GEOI)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Georesources (NASDAQ:GEOI)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024
Notícias em tempo-real sobre Georesources, Inc. (MM) da NASDAQ bolsa de valores: 0 artigos recentes
Mais Notícias de Glancy Binkow & Goldberg LLP