Energy News / Shareholders Foundation, Inc.

NYSE:CJ Investor Alert: Investigation of Takeover of C&J Energy Services, Inc.

Via: ReleaseWire

Updated 12:00 AM CDT, Tue, June 25,2019

An investigation on behalf of investors of C&J Energy Services, Inc. (NYSE: CJ) in connection with the proposed takeover was announced.

San Diego, CA -- (SBWIRE) -- 06/25/2019 -- An investigation was announced concerning whether the takeover of C&J Energy Services, Inc. is unfair to NYSE: CJ stockholders.

Investors who purchased shares of C&J Energy Services, Inc. (NYSE: CJ) and currently hold any of those NYSE: CJ shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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

Houston, TX based C&J Energy Services, Inc. provides well construction, well completion, well support, and other complementary oilfield services and technologies to oil and gas exploration and production companies throughout the continental United States. On June 17, 2019 – C&J Energy Services (NYSE: CJ) and Keane Group, Inc. (NYSE: FRAC) announced that they have entered into an agreement whereby the companies will combine in an all-stock merger of equals. Under the terms of the merger agreement, C&J shareholders will receive 1.6149 shares of Keane common stock for each share of C&J common stock owned. The merger agreement permits C&J to pay its shareholders a cash dividend of $1.00 per share prior to closing. Based on a closing price of $6.99 per NYSE: FRAC shares on June 14, 2019, investors in shares of C&J Energy Services, Inc. (NYSE: CJ) will receive a value of approximately $12.29 per share.

However, given that at least one analyst has set the high target price for NYSE: CJ shares at $18.00 per share, the investigation concerns whether the offer is unfair to NYSE: CJ stockholders. More specifically, the investigation concerns whether the C&J Energy Services 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.

Shares of C&J Energy Services, Inc. (NYSE: CJ) closed on June 21, 2019, at $7.43 per share.

Those who are current investors in C&J Energy Services, Inc. (NYSE: CJ) 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

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysecj-investor-alert-investigation-of-takeover-of-cj-energy-services-inc-1236882.htm

Media Relations Contact
Michael Daniels
1-858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com