Wolf Haldenstein Announces Investigation of Brigham Exploration Company
17 Ottobre 2011 - 11:58PM
Business Wire
Attorney Advertising. The law firm of Wolf Haldenstein Adler
Freeman & Herz LLP is investigating possible breaches of
fiduciary duty by the Board of Directors of Brigham Exploration
Company (“Brigham” or the “Company”) [NASDAQ: BEXP] arising out of
the proposed acquisition of Brigham by Statoil ASA (“Statoil”).
On Monday, October 17, 2011, Brigham and Statoil announced that
Statoil will acquire Brigham pursuant to an all cash tender offer.
Under the terms of the agreement, Brigham stockholders will receive
cash of $36.50 in exchange for each share of Brigham common stock.
However, the Company may not have adequately shopped itself before
entering into this transaction and, pursuant to this proposed
transaction, Statoil may be underpaying for Brigham, thus
unlawfully harming Brigham shareholders.
Wolf Haldenstein has been representing individual and
institutional investors for many years, serving as lead counsel in
numerous cases in U.S. federal and state courts. Please visit the
Wolf Haldenstein website (http://www.whafh.com) for more
information about the firm.
If you own Brigham common stock and you wish to discuss this
matter with us, or have any questions concerning your rights and
interests with regard to this matter, please contact:
Gregory Nespole or Derek Behnke
Wolf Haldenstein Adler Freeman & Herz
LLP
270 Madison Avenue
New York, New York 10016
Phone Numbers:
(800) 575-0735
(212) 545-4600
Email:
nespole@whafh.com
Classmember@whafh.com
Website:
http://www.whafh.com
Attorney Advertising. Prior Results Do Not Guarantee A Similar
Outcome.
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