Federman & Sherwood Investigates CREDO Petroleum Corporation for Possible Breaches of Fiduciary Duty
05 Junio 2012 - 12:02PM
Business Wire
The law firm of Federman & Sherwood has initiated an
investigation into Denver-based CREDO Petroleum Corporation
(NASDAQ: CRED) (“CREDO”) with respect to possible breaches of
fiduciary duty by the company’s officers and directors, as well as
violations of state law, in connection with the proposed sale of
CREDO to Austin-based Forestar Group Inc. (NYSE: FOR)
(“Forestar”).
On June 4, 2012, CREDO announced that it had agreed to be
acquired by Forestar, whereby Forestar would acquire all
outstanding shares of CREDO common stock in a cash offer of
approximately $146 million (or $14.50 per CREDO share).
Federman & Sherwood is investigating whether: (1) the
information being provided to CREDO shareholders makes all
necessary disclosures with respect to the proposed sales
transaction; (2) whether the proposed sale to Forestar offers
adequate long-term value to CREDO shareholders; and, (3) whether
CREDO could have received a higher per share price for its
shareholders had the officers and directors aggressively sought
other purchasers for the company. The planned sale to Forestar is
expected to close in the second half of 2012.
If you currently own common stock in CREDO Petroleum Corporation
and purchased your shares before June 4, 2012; have information to
assist in our investigation of this transaction; or, have any
questions or concerns regarding this notice or preservation of your
rights, please contact William B. Federman. Federman & Sherwood
has extensive nationwide experience in representing investors in
securities, derivative and merger-related shareholder class
actions, and has been appointed as lead counsel in multiple complex
cases.
iShares Trust (NASDAQ:CRED)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
iShares Trust (NASDAQ:CRED)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
Real-Time news about iShares Trust (NASDAQ): 0 recent articles
Más de Federman & Sherwood Artículos de Noticias