Law Firm Brower Piven Announces Investigation of EPL Oil & Gas, Inc. Proposed Buyout
12 Marzo 2014 - 5:34PM
Business Wire
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches
of fiduciary duty to current shareholders of EPL Oil & Gas,
Inc. (“EPL” or the “Company”) (NYSE: EPL) and other violations of
state law by the board of directors of EPL relating to the proposed
buyout of the Company by Energy XXI.
Under the terms of the transaction, EPL shareholders will
receive $39 per share for each share of EPL stock they own.
According to Yahoo! Finance, at least one analyst following EPL has
set a target price of $44 per share. The firm’s investigation seeks
to determine, among other things, whether the Company’s board of
directors breached their fiduciary duties by failing to maximize
shareholder value before agreeing to enter into this transaction,
and whether Energy XXI is underpaying for EPL shares.
If you currently own common stock of EPL and would like to learn
more about the investigation being conducted by Brower Piven, you
may email or call Brower Piven, who will, without obligation or
cost to you, attempt to answer your questions. You may contact
Brower Piven by email at hoffman@browerpiven.com, by calling (410)
415-6616, or at Brower Piven, A Professional Corporation, 1925 Old
Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven
have combined experience litigating securities and other class
action cases of over 60 years.
Brower Piven, A Professional CorporationStevenson,
MarylandCharles J. Piven, 410-415-6616hoffman@browerpiven.com
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