Kodiak Oil & Gas Shareholder Alert - Buyout Of Kodiak Oil & Gas Corporation (NYSE: KOG) - National Securities Law Firm Seeks Higher Price For Shareholders
NEW YORK, July 14, 2014 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, has announced that it is investigating the acquisition of Kodiak Oil & Gas Corp. (NYSE: KOG) on behalf of investors. Whiting Petroleum Corporation (WLL) ("Whiting") and Kodiak Oil & Gas Corp. (KOG) ("Kodiak") announced a definitive agreement pursuant to which Whiting will acquire Kodiak in an all-stock transaction. Under the definitive agreement, Kodiak shareholders will receive .177 of a share of Whiting stock in exchange for each share of Kodiak common stock they hold, representing consideration to each Kodiak shareholder of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014.
The investigation concerns whether the senior management and board of directors of Kodiak engaged in a full and fair auction and process to insure that shareholders received the maximum value for their shares, and whether the price of $13.90 is unfairly low. Indeed, the price is well below what analysts have projected the true going forward inherent value of the company ($19 per share) and is below what the stock was trading at the day prior to the announcement ($14.23 per share).
If you are a shareholder of Kodiak and would like additional information as to how the acquisition may affect your rights as a shareholder, please call us at no cost at:
Tripp Levy PLLC
New York, New York
Toll free: 800-511-7037
International: 602-241-2841
Email: [email protected]
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliates, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC
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