Cases
Isramco, Inc.
Merger
Overview
Overview
- Date:
- 5/21/2019
- Company Name:
- Isramco, Inc.
- Stock Symbol:
- ISRL
- Company Name - Buyer:
- Naphtha Israel Petroleum Corporation Ltd.
- Status:
- Pending
- Merger Announcement Date:
- 5/20/2019
Pursuant to the proposed transaction, announced on May 20, 2019, Isramco shareholders will receive $121.40 in cash for each share of Isramco common stock owned. The investigation focuses on whether Isramco and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.