NEW YORK, April 25, 2012 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against the board of directors of GeoResources, Inc.
("GeoResources" or the "Company") (NASDAQ: GEOI) concerning the
proposed acquisition of the Company by Halcon Resources Corp. in a
transaction valued at approximately $973
billion.
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On April 25, 2012, it was
announced that GeoResources and Halcon have entered into a
definitive agreement pursuant to which Halcon will acquire
GeoResources. Under the agreement, GeoResources shareholders
will receive $20.00 and 1.932 shares
of Halcon common stock, representing a total of approximately
$37.97 per share held.
Our investigation concerns whether the GeoResources board of
directors is fulfilling its fiduciary duties, maximizing the value
of the Company, disclosing all material benefits and costs, and
obtaining full and fair consideration for Company
shareholders.
If you own GeoResources shares and wish to discuss this matter
with us, or have any questions concerning your rights and interests
with regard to this matter, please contact:
Benjamin Sachs-Michaels
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
(212)935-7400
Email: bsachsmichaels@hfesq.com
Website: http://www.hfesq.com
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP