Ryan & Maniskas, LLP Announces Investigation into the Proposed Merger of Mariner Energy, Inc.
April 15 2010 - 2:00PM
Business Wire
Ryan & Maniskas, LLP is investigating whether the directors
of Mariner Energy, Inc. ("Mariner" or the “Company”) (NYSE: ME)
breached their fiduciary duties in approving the proposed merger of
the Company with Apache Corporation (“Apache”). Under the
agreement, Mariner shareholders will receive, in aggregate, 0.17043
of a share of Apache common stock and $7.80 in cash for each
outstanding share of Mariner's common stock, subject to an election
feature and proration. The investigation concerns whether the deal
undervalues Mariner shareholders and also concerns possible
breaches of fiduciary duty and other violations of law related to
approval of the transaction by Company’s board of directors.
If you own shares of Mariner and would like to learn more about
these claims or if you wish to discuss these matters and have any
questions concerning this announcement or your rights, visit:
www.rmclasslaw.com/cases/mariner, or contact Richard A. Maniskas,
Esquire toll-free: (877) 316-3218, or by e-mail:
rmaniskas@rmclasslaw.com. For more information about class action
cases in general, please visit our website: www.rmclasslaw.com.
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