The Law Firm of Levi & Korsinsky, LLP Announces Investigation of Brigham Exploration Company
19 Ottobre 2011 - 6:48PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Brigham Exploration Company (“Brigham” or the “Company”) (NASDAQ:
BEXP) for possible breaches of fiduciary duty and other violations
of state law in connection with the sale of the Company to Statoil
ASA (NYSE: STO). Under the terms of the transaction, Brigham
shareholders will receive $36.50 per share of Brigham stock they
own. The transaction values the deal at approximately $4.4
billion.
Click here to learn more about the investigation:
http://zlk.9nl.com/brigham-exploration/, or call: 877-363-5972.
The investigation concerns whether the Brigham Board of
Directors breached their fiduciary duties to Brigham stockholders
by failing to adequately shop the Company before entering into this
transaction and whether Statoil ASA is underpaying for Brigham
shares, thus unlawfully harming Brigham stockholders. In
particular, shares of Brigham traded as high as $37.39 per share as
recently as March 30, 2011. Furthermore, at least one analyst set a
price target of $45.00 per share.
If you own common stock in Brigham and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. The attorneys at Levi & Korsinsky have been
appointed by numerous courts throughout the country to serve as
lead counsel on behalf of shareholders in major litigations
involving mergers and acquisitions. For more information, please
feel free to contact any of the attorneys listed below. Attorney
advertising. Prior results do not guarantee similar outcomes.
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