Morgan & Morgan Announces the Investigation of the Proposed Sale of Kodiak Oil & Gas Corp. - KOG - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Morgan & Morgan Announces the Investigation of the Proposed Sale of Kodiak Oil & Gas Corp. - KOG

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE Morgan & Morgan

NEW YORK, July 14, 2014 /PRNewswire/ -- Morgan & Morgan announces that it is investigating potential legal claims against the board of directors of Kodiak Oil & Gas Corp. ("Kodiak") (NYSE: KOG) regarding possible breaches of fiduciary duties and other violations of law related to the proposed sale to Whiting Petroleum Corporation.

If you purchased Kodiak shares and want more information about the Kodiak takeover lawsuit, please contact George Pressly, Esq. at 1(800) 631-6234 or email George at AskGeorge@morgansecuritieslaw.com.

Under the terms of the proposal, public shareholders of Kodiak will receive 0.177 shares 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 based on the closing price of Whiting common stock on July 11, 2014. The transaction is valued at approximately $6.0 billion including Kodiak's net debt of $2.2 billion as of March 31, 2014.

Morgan & Morgan's investigation concerns whether Kodiak's Board of Directors breached its fiduciary duties to act in the best interests of Kodiak shareholders and to take all necessary steps to ensure that Kodiak shareholders receive the maximum value readily available for their shares of Kodiak common stock. 

Morgan & Morgan is one of the nation's largest 200 law firms. In addition to securities fraud, the firm also practices in the areas of antitrust, personal injury, consumer protection, overtime, and product liability.  All of the Firm's legal endeavors are rooted in its core mission: provide investor and consumer protection and always fight "for the people." 

Attorney advertising. Prior results do not guarantee a similar outcome.

Contact:
Morgan & Morgan
Peter Safirstein, Esq.
28 West 44th Street
Suite 2001
New York, NY  10036
1-800-631-6234
info@morgansecuritieslaw.com

©2012 PR Newswire. All Rights Reserved.

Powered by WorldNow
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
TULSA'S OWN TM
GREEN COUNTRY'S OWN TM
Oklahoma's Own Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Tulsa's Own and Green Country's Own.
All content © Copyright 2000 - 2014, WorldNow and KOTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.