Energy News / Shareholders Foundation, Inc.

NYSE:BBG Investor Alert: Lawsuit Filed Against Acquisition of Bill Barrett Corporation

Via: ReleaseWire

Updated 11:45 AM CST, Wed, February 14,2018

A lawsuit was filed for investors in shares of Bill Barrett Corporation (NYSE:BBG) in connection with the proposed takeover and NYSE:BBG stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 02/14/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Bill Barrett Corporation (NYSE:BBG), filed a lawsuit in effort to halt the proposed takeover of Bill Barrett Corporation.

Investors who purchased shares of Bill Barrett Corporation (NYSE:BBG) and currently hold any of those NYSE:BBG shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:BBG stockholders by agreeing to sell Bill Barrett Corporation cheaply via an unfair process.

On December 5, 2017, Bill Barrett Corporation (NYSE: BBG) announced that it has agreed to a strategic business combination with Fifth Creek Energy Company, LLC in a transaction valued at approximately $649 million.

However, plaintiff claims that the proposed consideration NYSE: BBG shareholders will receive is grossly inadequate and undervalues Bill Barrett Corporation. In addition, the plaintiff alleges that the process is also unfair NYSE: BBG stockholders.

Those who are current investors in Bill Barrett Corporation (NYSE:BBG) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysebbg-investor-alert-lawsuit-filed-against-acquisition-of-bill-barrett-corporation-931840.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com