NEW YORK, Nov. 22, 2019 /PRNewswire/ -- Moore Kuehn,
PLLC, a securities law firm located on Wall Street in downtown
New York City, is investigating
potential claims involving the directors and officers regarding
possible breaches of fiduciary duties and other violations of law
related to merger and acquisition agreements.
SRC Energy, Inc. (NYSE: SRCI)
SRC Energy, Inc. has agreed to be acquired by PDC Energy,
Inc. Under the terms of the agreement, SRC shareholders will
receive a fixed exchange ratio of 0.158 PDC shares for each share
of SRC common stock, representing an implied value of $3.99 per share based on the PDC closing price as
of August 23, 2019.
Achillion Pharmaceuticals, Inc. (NASDAQ: ACHN)
Achillion Pharmaceuticals has agreed to be acquired
by Alexion. The initial consideration of approximately
$930 million, or $6.30 per share of Achillion common stock, will
be funded with cash on hand. As part of the acquisition, Alexion
will also be acquiring the cash currently on Achillion's balance
sheet.
Arotech Corporation (NASDAQ: ARTX)
Arotech Corporation announced that it has entered into a
definitive agreement with an affiliate of Greenbriar Equity Group,
L.P. under which the affiliate will acquire all outstanding shares
of Arotech common stock for $3.00 per
share in cash, representing an aggregate equity value of
approximately $80.8 million.
Moore Kuehn is investigating whether the Boards of the
above companies 1) acted to maximize shareholder value, 2) failed
to disclose material information, and 3) conducted a fair
process. Moore Kuehn may ultimately seek an increased share
price, additional disclosures, or other relief and benefits on
behalf of the shareholders of these companies.
Moore Kuehn encourages shareholders to contact Fletcher Moore, Esq. by email at
fmoore@moorekuehn.com or telephone at (212) 709-8245. There
is no cost or obligation to you.
Moore Kuehn is a New York-based
law firm with attorneys representing investors and consumers in
class action litigation involving securities law violations,
financial fraud, breaches of fiduciary duties, and other
claims. For additional information about Moore Kuehn, please
go to
http://www.moorekuehn.com/practice/new-york-securities-litigation/.
Attorney advertising. Prior results do not guarantee similar
outcomes.
Contacts:
Moore Kuehn, PLLC
Fletcher Moore, Esq.
30 Wall Street, 8th Floor
New York, New York 10005
fmoore@moorekuehn.com
(212) 709-8245
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