Shareholder Alert: Ademi LLP investigates whether Battalion Oil Corporation has obtained a Fair Price in its transaction with Fury Resources
MILWAUKEE, Dec. 15, 2023 /PRNewswire/ — Ademi LLP is investigating Battalion (NYSE American: BATL) for possible breaches of fiduciary duty and other violations of law in its transaction with Fury Resources.
Click here to learn how to join the https://www.ademilaw.com/case/battalion-oil-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Battalion stockholders will receive only $9.80 per share in cash, which represents a total transaction value of approximately $450 million. The transaction agreement unreasonably limits competing transactions for Battalion by imposing a significant penalty if Battalion accepts a competing bid. Battalion insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Battalion’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Battalion common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/battalion-oil-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
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