SHAREHOLDER ALERT: Weiss Law Investigates VAALCO Energy, Inc.

NEW YORK, July 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. ("VAALCO" or the "Company") (NYSE: EGY), in connection with the Company's proposed acquisition of TransGlobe Energy Corporation ("TransGlobe") (NASDAQ: TGA). Under the merger agreement, the Company will acquire each TransGlobe share for 0.6727 of a VAALCO common share, leaving VAALCO shareholders owning approximately 54.5% and TransGlobe shareholders owning approximately 45.5% of the combined company upon closing of the transaction. The stock-for stock transaction is valued at approximately $307 million.

If you own VAALCO shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslaw.co/news-and-cases/egy 
Or please contact:
Joshua Rubin, Esq.
Weiss Law
305 Broadway, 7^th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]

Weiss Law is investigating whether (i) VAALCO's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration and percentage of ownership is fair to VAALCO's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed. 

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE Weiss Law

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