Bull & Lifshitz, LLP Announces Investigation of the Acquisition of Mariner Energy, Inc.
April 19 2010 - 2:00PM
Business Wire
Bull & Lifshitz, LLP announces an investigation into
possible breaches of fiduciary duty in connection with the proposed
merger of Mariner Energy, Inc. (NYSE: ME) (referred to as "Mariner"
or the “Company”) and Apache Corporation (NYSE: APA) (referred to
as “Apache”) in a transaction with a total value of approximately
$2.7 billion.
Under the terms of the agreement, which has been approved
unanimously by the Boards of Directors of both companies, Mariner
shareholders will receive $7.80 in cash and 0.17043 shares of
Apache stock for each share of Mariner that they own.
Bull & Lifshitz, LLP's investigation is focused on whether
the proposed deal provides adequate value to the Company’s
shareholders.
If you are a holder of Mariner stock and want to discuss your
legal rights, you may e-mail or call Bull & Lifshitz, LLP who
will, without obligation or cost to you, attempt to answer your
questions.
If you are a shareholder of Mariner and would like more
information about our investigation, please contact Peter D. Bull,
Esq. by telephone at (866) 313-6222 or by sending an e-mail
including your contact information to: counsel@nyclasslaw.com. All
e-mail correspondence should make reference to Mariner.
Bull & Lifshitz, LLP is a New York City-based law firm with
significant experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2010 Bull & Lifshitz, LLP. The law
firm responsible for this advertisement is Bull & Lifshitz,
LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
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