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ROCC STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF RANGER OIL CORPORATION IS FAIR TO SHAREHOLDERS
February 28, 2023.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Ranger Oil Corporation (NASDAQ: ROCC) to Baytex Energy Corp. is fair to Ranger shareholders.
Under the terms of the agreement, Ranger shareholders will receive 7.49 Baytex shares plus $13.31 in cash, for each Ranger common share. The investigation concerns whether Ranger 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 Ranger shareholders; (2) determine whether Baytex is underpaying for Ranger; and (3) disclose all material information necessary for Ranger shareholders to adequately assess and value the merger consideration. On behalf of Ranger shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLC 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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