SHAREHOLDER ALERT: Brower Piven Launches An Investigation Into The Proposed Sale Of Dawson Geophysical Company And Encourages...
10 Novembre 2014 - 2:22PM
Business Wire
The securities litigation law firm of Brower Piven, A
Professional Corporation, has commenced an investigation into
possible breaches of fiduciary duty and other violations of state
law by the Board of Directors of Dawson Geophysical Company
(“Dawson” or the “Company”) (NASDAQ:DWSN) relating to the proposed
buyout of the Company by TGC Industries, Inc. (“TGC”).
Under the terms of the transaction, following a 1-for-3 reverse
stock split by TGC, Dawson shareholders will receive 1.76 shares of
TGC split-effected common stock for each share of Dawson common
stock held at the effective time of the transaction, with cash to
be paid in lieu of any fractional shares.
The firm’s investigation seeks to determine, among other things,
whether Dawson’s Board of Directors failed to satisfy their duties
to the Company’s shareholders, including whether the board
adequately pursued alternatives to the acquisition and whether the
board obtained the best price possible for the Company’s shares of
common stock.
If you currently own common stock of Dawson and would like to
learn more about the investigation being conducted by Brower Piven,
without cost or obligation to you, please visit our website at
http://www.browerpiven.com/currentinvestigations.html. You may also
request more information by contacting Brower Piven either by email
at hoffman@browerpiven.com or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in
litigating securities and other class action cases and have been
advocating for the rights of shareholders since the 1980s.
Charles J. PivenBrower Piven, A Professional Corporation1925 Old
Valley RoadStevenson, Maryland 21153Telephone:
410-415-6616hoffman@browerpiven.com
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