SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Crimson Exploration, Inc.
09 Maggio 2013 - 8:28PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Crimson Exploration, Inc. (“Crimson” or the “Company”) (Nasdaq:
CXPO) relating to the proposed acquisition by Contango Oil &
Gas Company (“Contango”).
Click here to learn more about the investigation
http://brodsky-smith.com/578-cxpo-crimson-exploration-inc.html, or
call 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Crimson shareholders will
receive only 0.08288 shares of Contango stock for each share of
Crimson stock they own. The transaction values Crimson stock at
approximately $3.19 per share. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Crimson for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue Crimson and will result in loss for
many Crimson shareholders. For example, Crimson stock traded at
$4.85 per share as recently as September 14, 2012 and traded at
$5.45 per share on April 30, 2012. In addition, an analyst has set
a price target for Crimson stock at $6.00 per share.
If you own shares of Crimson 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/578-cxpo-crimson-exploration-inc.html, by
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
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