Energy News / Shareholders Foundation, Inc.

NYSE:BCEI Investor Alert: Investigation of Takeover of Bonanza Creek Energy, Inc

Via: ReleaseWire

Updated 12:00 PM CST, Wed, November 29,2017

An investigation on behalf of investors of Bonanza Creek Energy, Inc. (NYSE:BCEI) in connection with the proposed takeover was announced and NYSE:BCEI stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 11/29/2017 -- An investigation was announced for investors, who currently hold NYSE:BCEI shares, concerning whether the takeover of Bonanza Creek Energy, Inc. by SandRidge Energy is unfair.

Investors who purchased shares of Bonanza Creek Energy, Inc. (NYSE:BCEI) and currently hold any of those NYSE:BCEI shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm concerns whether certain officers and directors of Bonanza Creek Energy, Inc. breached their fiduciary duties owed to NYSE:BCEI investors in connection with the proposed acquisition.

On November 15, 2017, SandRidge Energy (NYSE: SD) and Bonanza Creek Energy, Inc. (NYSE:BCEI) jointly announced that the two companies have entered into a merger agreement under which SandRidge Energy will acquire all of the outstanding shares of common stock of Bonanza Creek Energy, Inc. (NYSE:BCEI)in a cash-and-stock transaction valued at $36.00 per share.

However, given that NYSE:BCEI shares traded as recently as May 2017 as high as $39.20 per share, the investigation concerns whether the offer is unfair to NYSE:BCEI stockholders. More specifically, the investigation concerns whether the Bonanza Creek Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Bonanza Creek Energy, Inc. (NYSE:BCEI) 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/nysebcei-investor-alert-investigation-of-takeover-of-bonanza-creek-energy-inc-898330.htm

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