SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Kodiak Oil & Gas Corp. in Connection with the Sale of the ...
July 24 2014 - 6:35PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Kodiak Oil & Gas Corp. (“Kodiak Oil” or the “Company”)
(NYSE: KOG) relating to the proposed acquisition by Whiting
Petroleum Corporation (“Whiting”).
Click here to learn more about the investigation
http://brodsky-smith.com/789-kog-kodiak-oil--gas-corp.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Kodiak Oil shareholders will
receive only 0.177 of a share of Whiting stock for each share of
Kodiak Oil stock they own. The transaction values Kodiak Oil at
approximately $13.90 per share. The investigation concerns possible
breaches of fiduciary duty and other violations of state law by the
Board of Directors of Kodiak Oil for not acting in the Company’s
shareholders' best interests in connection with the sale process.
The transaction may undervalue Kodiak Oil and represents a loss or
no real gain for many Kodiak Oil shareholders. For example, on July
9, 2014, shares of Kodiak Oil traded at $14.79 per share and an
analyst has set a price target of $19.00 per share for Kodiak Oil
stock.
If you own shares of Kodiak Oil common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/789-kog-kodiak-oil--gas-corp.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/789-kog-kodiak-oil--gas-corp.html