STEVENSON, Md.--(BUSINESS WIRE)--The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Athlon Energy Inc. (“Athlon” or the “Company”) (NYSE: ATHL) relating to the proposed buyout of the Company by Encana Corporation (“Encana”).
Under the terms of the transaction, Athlon shareholders are anticipated to receive $58.50 per share in cash for each share of Athlon stock owned. The firm’s investigation seeks to determine, among other things, whether the Company’s Board of Directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into the transaction, and whether Encana is underpaying for Athlon shares. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Athlon stock at $66.00 per share.
If you currently own common stock of Athlon and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616.
Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.