Faruqi & Faruqi, LLP Announces Investigation of GeoResources, Inc.

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of GeoResources, Inc. (“GeoResources” or the “Company”) (NASDAQ: GEOI) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Halcón Resources Corporation (“Halcon Resources”) (NYSE: HK) in a cash-and-stock transaction valued at approximately $952.56 million. Under the terms of the proposed transaction, GeoResources shareholders will receive $20.00 in cash and 1.932 shares of Halcón Resources common stock for each share of GeoResources common stock they hold, representing consideration to GeoResources stockholders of $39.71 per share based on the closing price of Halcón Resources common stock on April 25, 2012, while according to Yahoo! Finance, at least one financial analyst has set a price target of $43.00 for GeoResources.

Request more information now by clicking here: www.faruqilaw.com/GEOI. There is no cost or obligation to you.

Whether GeoResources’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues GeoResources’ shares and by how much this proposed transaction undervalues the Company to the detriment of GeoResources’ shareholders are the key focus of this investigation.

Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm’s clients.

If you own common stock in GeoResources and wish to obtain additional information and protect your investment free of charge, please visit us at www.faruqilaw.com/GEOI or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Attorney Advertising. (C) 2012 Faruqi & Faruqi, LLP. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We are happy to discuss your particular case.

Georesources (NASDAQ:GEOI)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024