Kendall Law Group Investigates GeoResources, Inc.
25 Avril 2012 - 5:53PM
Business Wire
Kendall Law Group, led by former federal judge Joe Kendall, is
investigating GeoResources, Inc. (NASDAQ: GEOI) for shareholders in
connection with the proposed acquisition by Halcón Resources
Corporation. The national securities firm’s investigation seeks to
determine whether GeoResources and its Board breached their
fiduciary duties by entering into the agreement without properly
shopping for a deal that would provide better value for
shareholders. If you are a GeoResources shareholder and would like
additional information about your rights, contact the Kendall Law
Group at 877-744-3728 or by email at
investor@kendalllawgroup.com.
On April 25, 2012, the companies announced the definitive merger
agreement under which GeoResources would be acquired by Halcón
Resources, in a transaction valued at approximately $973 million.
Under the terms of the agreement, GeoResources stockholders will
receive $20 in cash and 1.932 shares of Halcón Resources (NYSE: HK)
for each share of GeoResources/GEOI common stock held. According to
Thompson/First Call, at least one analyst has set a price target of
$43.00 per share for GeoResources’ stock. The firm’s investigation
seeks to determine whether GeoResources and its Board undertook a
fair process in negotiating the deal.
Kendall Law Group was founded by a former federal judge,
includes a former United States Attorney, prosecutors and
securities lawyers who are experienced in complex securities
litigation. The firm has been counsel in numerous merger and
acquisition cases nationwide, including some of the largest
transactions in the United States.
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