Cases
Penn Virginia Corporation (PVAC)
Merger
Overview
Overview
- Date:
- 10/29/2018
- Company Name:
- Penn Virginia Corporation
- Stock Symbol:
- PVAC
- Company Name - Buyer:
- Denbury Resources Inc.
- Status:
- Closed/Complete
- Merger Announcement Date:
- 10/28/2018
NEW YORK, October 29, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Penn Virginia Corporation (NASDAQ: PVAC) on behalf of stockholders concerning the proposed acquisition of the company by Denbury Resources Inc.
Pursuant to the proposed transaction, announced on October 28, 2018 and valued at $1.7 billion, Penn Virginia stockholders will receive 12.4 shares of Denbury and $25.86 in cash for each share of Penn Virginia common stock owned. The investigation focuses on whether Penn Virginia and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Penn Virginia shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on October 28, 2018 and valued at $1.7 billion, Penn Virginia stockholders will receive 12.4 shares of Denbury and $25.86 in cash for each share of Penn Virginia common stock owned. The investigation focuses on whether Penn Virginia and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own Penn Virginia shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.