BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Athlon Energy Inc. (“Athlon Energy" or the “Company”) (NYSE: ATHL) relating to the proposed acquisition by Encana Corporation. (“Encana”).
Click here to learn more about the investigation http://brodsky-smith.com/831-athl-athlon-energy-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Athlon Energy shareholders will receive only $58.50 in cash for each share of Athlon Energy stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Athlon Energy for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the company as Athlon Energy has approximately 120,000 net acres in the Midland basin. It has been reported that the assets hold over 10 years of drilling inventory in one of the most lucrative oil plays in North America. In addition, an analyst has set a price target of $66.00 per share for Athlon Energy stock.
If you own shares of Athlon Energy common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at firstname.lastname@example.org, by visiting http://brodsky-smith.com/831-athl-athlon-energy-inc.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.