NEW YORK, July 20, 2020 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of
fiduciary duty and other violations of law by the board of
directors of Noble Energy, Inc. ("NBL" or the "Company") (NASDAQ:
NBL) in connection with the proposed acquisition of the Company by
Chevron Corporation ("Chevron") (NYSE: CVX). Under the terms
of the all-stock transaction, NBL shareholders will receive 0.1191
of a Chevron share for each share of NBL common stock that they
own, representing implied per-share merger consideration of
$10.15 based on CVX's July 20, 2020 closing price of $85.27. At current valuations, NBL
stockholders will receive a mere 5.5% premium upon the closing of
the deal.
If you own NBL shares and wish to discuss this
investigation or have any questions concerning this notice or your
rights or interests, visit our website:
http://www.weisslawllp.com/noble-energy-inc./
Or please contact:
Joshua Rubin,
Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether NBL's board acted to maximize
shareholder value in agreeing to the proposed transaction, whether
the board was fully informed as to the valuation of the proposed
acquisition,, and whether all information regarding the
valuation of the deal will be fully and fairly disclosed to NBL
shareholders. At least one analyst set a target price of
$25.00 per NBL share, or
approximately $15 above the near
zero-premium $10.15 per-share merger
consideration.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients and obtained important corporate governance
relief in many of these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing
(including insider trading, waste of corporate assets, accounting
fraud, or materially misleading information), consumer fraud
(including false advertising, defective products, or other
deceptive business practices), or anti-trust violations, please
email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP