NEW YORK, Jan. 31, 2012 /PRNewswire/ -- Bull &
Lifshitz, LLP announces an investigation into possible breaches of
fiduciary duty in connection with the proposed sale of Venoco, Inc.
(NYSE: VQ) (referred to as "Venoco" or the "Company") to
Timothy M. Marquez, Venoco's
Chairman and CEO, through a wholly owned entity, Denver Parent
Corporation. The transaction implies a total enterprise value
of approximately $1.5 billion.
(Logo:
http://photos.prnewswire.com/prnh/20120119/MM38805LOGO )
Under the terms of the definitive agreement, Venoco
shareholders, excluding Mr. Marquez and his affiliated entities,
will receive $12.50 per share in cash
upon completion of the transaction. Mr. Marquez, together
with affiliated trusts and foundations, holds 50.3% of Venoco's
common stock.
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 Venoco common 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 Venoco 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 Venoco.
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. © 2012 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.
Contact:
Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Phone: 212-213-6222
Fax: 212-213-9405
Email: counsel@nyclasslaw.com
SOURCE Bull & Lifshitz, LLP