An investigation on behalf of investors of Stone Energy Corporation (NYSE:SGY) in connection with the proposed takeover was announced and NYSE:SGY stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 12/01/2017 -- An investigation was announced for investors, who currently hold shares of Stone Energy Corporation (NYSE:SGY), concerning whether the acquisition of Stone Energy Corporation by Talos Energy LLC is unfair.
Investors who purchased shares of Stone Energy Corporation (NYSE:SGY) and currently hold any of those NYSE:SGY shares have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain directors of Stone Energy Corpo. breached their fiduciary duties owed to NYSE:SGY investors in connection with the proposed acquisition.
On November 21, 2017, Talos Energy LLC ("Talos") and Stone Energy Corporation (NYSE: SGY; "Stone") announced that their Boards of Directors have approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company.
However, given that at least one analyst has set the high target price for NYSE:SGY shares at $35.00 per share, the investigation concerns whether the offer is unfair to NYSE:SGY stockholders. More specifically, the investigation concerns whether the Stone 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 Stone Energy Corporation (NYSE:SGY) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
For more information on this press release visit:
Media Relations Contact
Email: Click to Email Michael Daniels