INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Kodiak Oil & Gas and Its Board of Directors In Connection With the Sale of the Company to Whiting Petroleum -- KOG
NEW YORK, July 16, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Kodiak Oil & Gas Corp. ("Kodiak" or "the Company") (NYSE: KOG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Whiting Petroleum Corp..
Protecting the Rights of Shareholders.
Click here to learn more about the investigation: http://zlk.9nl.com/kodiak-oil-gas-kog, or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Kodiak shareholders will receive 0.177 of a share of Whiting stock for each share of Kodiak common stock they own, representing a value of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014. The investigation concerns whether the Board of Kodiak breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Whiting Petroleum Corp. is underpaying for Kodiak shares. In particular, shares of Kodiak traded above the offer price the day before the merger was announced, and at least one analyst set a price target of $19.00 per share.
If you own Kodiak 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/kodiak-oil-gas-kog.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 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, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500, Toll Free: (877) 363-5972 Fax: (866) 367-6510 www.zlk.com
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NEW YORK, July 16, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of Kodiak Oil & Gas Corp. ("Kodiak" or "the Company") (NYSE: KOG) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Whiting Petroleum Corp..
