Law Office of Brodsky & Smith, LLC Announces Investigation of Brigham Exploration Company
20 Ottobre 2011 - 9:38PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Brigham Exploration Company (“Brigham” or the “Company”) (Nasdaq:
BEXP) relating to the proposed acquisition by Statoil ASA.
(“Statoil”).
Under the terms of the transaction Brigham shareholders would
receive $36.50 in cash for each share of Brigham stock they own.
The investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of Brigham
for not acting in the Brigham shareholders' best interests in
connection with the sale process to Statoil. The transaction may
undervalue the Company as an analyst has set a price target of
$45.00 for Brigham stock.
If you own shares of Brigham stock and wish to discuss the legal
ramifications of the proposed transaction, 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, visiting
http://brodsky-smith.com/344-bexp-brigham-exploration-company.html,
or by calling toll free 877-LEGAL-90.
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