The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the board of
directors of Kodiak Oil & Gas Corp. ("Kodiak" or the "Company") (NYSE:
KOG) relating to the proposed buyout of the Company by Whiting Petroleum
On July 13, 2014, Kodiak and Whiting announced that they had entered
into a definitive agreement pursuant to which Whiting will acquire
Kodiak in a merger valued at approximately $6.0 billion. Under the terms
of the transaction, shareholders of Kodiak will receive .177 of a share
of Whiting stock in exchange for each share of Kodiak common stock they
hold, representing consideration to each Kodiak shareholder of $13.90
per share bsed on the closing price of Whiting common stock on July 11,
According to Yahoo! Finance, at least one analyst has issued a
price target for Kodiak stock at $19.00 per share. Additionally, shares
of Kodiak traded above the offer price the day before the merger was
announced. The firm's investigation seeks to determine, among other
things, whether the Company's board of directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Whiting is
underpaying for Kodiak shares.
If you currently own common stock of Kodiak and would like to learn more
about the investigation being conducted by Brower Piven, without cost or
obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at firstname.lastname@example.org
or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.
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