Contango Oil & Gas Company
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CONTANGO MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CONTANGO OIL & GAS COMPANY IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MCF
June 8, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Contango Oil & Gas Company (NYSE: MCF) to Independence Energy, LLC is fair to Contango shareholders. Upon completion of the transaction, Contango shareholders will own approximately 24% of the combined company.
The investigation concerns whether Contango and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Contango shareholders; (2) determine whether Independence is underpaying for Contango; and (3) disclose all material information necessary for Contango shareholders to adequately assess and value the merger consideration. On behalf of Contango shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
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