Kodiak Oil & Gas Corp. Merger Litigation (NYSE: KOG)
SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of
Kodiak Oil & Gas Corp. in Connection with the Sale of the Company -KOG
BALA CYNWYD, July 14, 2014 /PR Newswire/ –Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Kodiak Oil & Gas Corp. (“Kodiak Oil” or the “Company”) (NYSE –KOG, -News) relating to the proposed acquisition by Whiting Petroleum Corporation (“Whiting”).
Under the terms of the transaction, Kodiak Oil shareholders will receive only 0.177 of a share of Whiting stock for each share of Kodiak Oil stock they own. The transaction values Kodiak Oil at approximately $13.90 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Kodiak Oil for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue Kodiak Oil and represents a loss or no real gain for many Kodiak Oil shareholders. For example, on July 9, 2014, shares of Kodiak Oil traded at $14.79 per share and an analyst has set a price target of $19.00 per share for Kodiak Oil stock.
If you own shares of Kodiak Oil common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at email@example.com, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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