NEW YORK, Aug. 28, 2018 /PRNewswire/ -- WeissLaw LLP
is investigating possible breaches of fiduciary duty and other
violations of law by the Board of Directors of Blue Ridge Mountain
Resources, Inc. ("BRMR" or the "Company") (OTC: BRMR) in connection
with the proposed acquisition of the Company by Eclipse Resources
Corporation ("ECR") (NYSE: ECR). Under the terms of the
acquisition agreement, BRMR shareholders will be entitled to
receive 4.4259 shares of ECR for each BRMR share they own.
WeissLaw is investigating whether BRMR's Board acted to maximize
shareholder value prior to entering into the agreement.
Notably, according to ECR, the deal is a transformative transaction
which is expected to optimize ECR's netbacks, and improve its
balance sheet and liquidity, while also increasing growth at low
leverage levels.
Moreover, through the acquisition of the Company, ECR will gain
access to BRMR's 356 net locations in the high-quality Utica and Marcellus areas, representing a 94% increase
in ECR's net locations.
Given these facts, WeissLaw is investigating whether BRMR's
Board acted in the best interests of BRMR's public shareholders to
maximize shareholder value prior to entering into the
agreement. If you own BRMR shares and would like more
information about your rights or our investigation, or if you have
information to share with us, please contact Joshua Rubin by telephone at
(888) 593-4771 or by email at
stockinfo@weisslawllp.com.
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 or fill out the
form on our website,
http://www.weisslawllp.com/blue-ridge-mountain-resources-inc/
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SOURCE WeissLaw LLP