Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of CNX Gas Corporation (“CNX Gas” or the “Company”) (NYSE:CXG) related to the Company’s agreement to be acquired by CONSOL Energy Inc. (“CONSOL”), which currently owns approximately 83.3% of the outstanding shares of CNX Gas common. The proposed transaction is valued at approximately $363 million.

Under the terms of the proposed agreement, CONSOL will commence a cash tender offer by May 5, 2010, to acquire all of the shares of CNX Gas common stock that it does not currently own for $38.25 per share. In connection with the deal, T. Rowe Price Associates, Inc. has agreed to tender approximately 9.5 million shares of CNX Gas that its investment advisory clients own into the offer. The investigation concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by the CNX Gas board of directors.

If you own shares of CNX Gas Corporation, if you have information or would like to learn more about these claims, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Grafico Azioni Cnx Gas (NYSE:CXG)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Cnx Gas
Grafico Azioni Cnx Gas (NYSE:CXG)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Cnx Gas