Shareholder Alert: Ademi LLP investigates whether Enerplus Corporation has obtained a Fair Price in its transaction with Chord

MILWAUKEE, Feb. 22, 2024 /PRNewswire/ -- Ademi LLP is investigating Enerplus (TSX: ERF) (NYSE: ERF) for possible breaches of fiduciary duty and other violations of law in its transaction with Chord.

Click here to learn how to join the https://www.ademilaw.com/case/enerplus-corporation or call Guri Ademi toll-free at 866-264-3995.  There is no cost or obligation to you.

In the transaction, Enerplus shareholders will receive only 0.10125 shares of Chord common stock and $1.84 per share in cash, representing 90% stock and 10% cash consideration. Upon completion of the transaction, Chord shareholders will own approximately 67% of the combined company and Enerplus shareholders will own approximately 33% on a fully diluted basis.  The transaction agreement unreasonably limits competing transactions for Enerplus by imposing a significant penalty if Enerplus accepts a competing bid. Enerplus insiders will receive substantial benefits as part of change of control arrangements.

If you own Enerplus common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/enerplus-corporation.                       

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP                                                                    
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP