BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Apco Oil & Gas, Inc. (“Apco Oil” or the “Company”) (Nasdaq: APAGF) relating to the proposed acquisition by Pluspetrol Resources Corporation. (“Pluspetrol”).
Click here to learn more about the investigation http://brodsky-smith.com/834-apagf-apco-oil--gas-international-inc.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Apco Oil shareholders will receive only $14.50 in cash for each share of Apco Oil stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Apco Oil for not acting in the Company’s shareholders' best interests in connection with the sale process. The transaction may undervalue the company as the transaction appears to be taking place to allow WPX Energy, which owns approximately 69% of Apco Oil, to divest its international assets. In addition, the transaction will result in a loss for many long-term holders of Apco Oil stock. Apco Oil stock traded at $17.48 per share on July 29, 2013 and traded at $15.46 per share as recently as May 13, 2014.
If you own shares of Apco Oil 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 email@example.com, by visiting http://brodsky-smith.com/834-apagf-apco-oil--gas-international-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.