NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong are investigating the Board of Directors of Bonanza Creek Energy Inc. (NYSE: BCEI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to SandRidge Energy, Inc. (NYSE: SD). Under the terms of the deal, Bonanza Creek shareholders will receive $36 per share, comprised of $19.20 in cash and $16.80 of SandRidge shares.
The investigation concerns whether the Bonanza Creek Board of Directors breached their fiduciary duties to Bonanza Creek stockholders by failing to adequately shop the Company before entering into this transaction and whether SandRidge Energy is underpaying for Bonanza Creek shares, thus unlawfully harming Bonanza Creek stockholders.
If you own common stock in Bonanza Creek and wish to obtain additional information, please contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or http://docs.wongesq.com/BCEI-Info-Request-Form-1737.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.