SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Apco Oil & Gas International, Inc. in Connection with the ...
October 03 2014 - 10:10PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Apco Oil & Gas, Inc. (“Apco Oil” or the “Company”) (Nasdaq:
APAGF) relating to the proposed acquisition by Pluspetrol Resources
Corporation. (“Pluspetrol”).
Click here to learn more about the investigation
http://brodsky-smith.com/834-apagf-apco-oil--gas-international-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Apco Oil shareholders will
receive only $14.50 in cash for each share of Apco Oil stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of Apco
Oil for not acting in the Company’s shareholders' best interests in
connection with the sale process. The transaction may undervalue
the company as the transaction appears to be taking place to allow
WPX Energy, which owns approximately 69% of Apco Oil, to divest its
international assets. In addition, the transaction will result in a
loss for many long-term holders of Apco Oil stock. Apco Oil stock
traded at $17.48 per share on July 29, 2013 and traded at $15.46
per share as recently as May 13, 2014.
If you own shares of Apco Oil common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/834-apagf-apco-oil--gas-international-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/834-apagf-apco-oil--gas-international-inc.html