EQUITY ALERT: Rosen Law Firm Announces Investigation of Apco Oil & Gas International Inc. Concerning Its Proposed Sale to Plu...
October 03 2014 - 6:38PM
Business Wire
The Rosen Law Firm, P.A. announces that it is investigating the
Board of Directors of Apco Oil & Gas International Inc.
(NASDAQ:APAGF) for possible breaches of fiduciary duty and other
violations of law by failing to adequately shop Apco Oil & Gas
to maximize shareholder value before agreeing to be acquired by
Pluspetrol Resources Corporation.
If you would like to join the action, go to
http://rosenlegal.com/cases-385.html or contact Phillip Kim or
Kevin Chan, toll-free at 866-767-3653, or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $14.50 in cash for each share of Apco Oil & Gas they
own. The proposed transaction is valued at approximately $427
million. The investigation relates to whether the proposal for
$14.50 in cash per share is fair to public shareholders and whether
Apco Oil & Gas’ Board breached its fiduciary duties in
connection with the proposed sale.
If you currently own shares of Apco Oil & Gas and wish to
obtain additional information, please visit the website at
http://rosenlegal.com/cases-385.html. You may also contact Phillip
Kim or Kevin Chan of The Rosen Law Firm toll free at 866-767-3653
or via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
Phillip Kim, Esq.Kevin Chan, Esq.Laurence Rosen, Esq.The Rosen
Law Firm P.A.275 Madison Avenue 34th FloorNew York, New York
10016Tel: (212) 686-1060Toll Free: 1-866-767-3653Fax: (212)
202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com