SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Proposed Buyout of EPL Oil & Gas, Inc.
13 Marzo 2014 - 5:47PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
EPL Oil & Gas, Inc. (“EPL” or the “Company”) (NYSE: EPL)
relating to the proposed acquisition by Energy XXI (“Energy”).
Click here to learn more about the investigation
http://brodsky-smith.com/729-epl-epl-oil--gas-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, EPL shareholders will
receive only $39.00 in cash, or 1.669 shares of Energy common
stock, or a combination of cash and Energy stock for each share of
EPL stock they own. The investigation concerns possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of EPL for not acting in the Company’s shareholders' best
interests in connection with the sale process. The transaction may
undervalue the Company as an analyst has set a $44.00 per share
price target on EPL stock and EPL stock traded at $42.27 as
recently as October 18, 2013.
If you own shares of EPL common 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, by visiting
http://brodsky-smith.com/729-epl-epl-oil--gas-inc.html, or 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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/729-epl-epl-oil--gas-inc.html
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