SHAREHOLDER ALERT: Levi & Korsinsky, LLP Investigates the Board of Directors of Apco Oil & Gas International Inc. Regarding t...
October 07 2014 - 12:06PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
Apco Oil & Gas International Inc. (“Apco Oil” or “the Company”)
(Nasdaq: APAGF) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company
to Pluspetrol Resources Corporation.
Click here to learn more about the investigation:
http://zlk.9nl.com/apco-oil-apagf.
Under the terms of the transaction, holders of Apco Oil Class A
and common stock will receive $14.50 in cash for each share of Apco
Oil stock they own. The investigation concerns whether the Board of
Apco Oil breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Pluspetrol Resources Corporation is
underpaying for Apco Oil shares. In particular, Apco Oil stock
traded above the offer price in July of this year.
If you own Apco Oil common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/apco-oil-apagf.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 28
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com