EQUITY ALERT: Rosen Law Firm Announces Investigation of FX Energy, Inc. Concerning Its Proposed Sale to ORLEN Upstream Sp. z ...
October 13 2015 - 3:57PM
Business Wire
Rosen Law Firm, a global investor rights law firm, announces
that it is investigating the Board of Directors of FX Energy, Inc.
(NASDAQ: FXEN, FXENP) for possible breaches of fiduciary duty and
other violations of law by failing to adequately shop FX Energy to
maximize shareholder value before agreeing to be acquired by ORLEN
Upstream Sp. z o.o.
If you would like to join the action, go to the firm’s website
at http://rosenlegal.com/cases-748.html or contact Phillip Kim or
Kevin Chan toll-free at 866-767-3653 or via e-mail at
pkim@rosenlegal.com or kchan@rosenlegal.com. There is no cost or
obligation to you.
Under the terms of the proposed transaction, shareholders will
receive $1.15 in cash for each share of FX Energy common stock they
own. The proposed transaction is valued at approximately $119
million. The investigation relates to whether the proposal is fair
to the public shareholders of FX Energy and whether FX Energy’s
Board breached its fiduciary duties in connection with the proposed
sale.
If you currently own shares of FX Energy and wish to obtain
additional information, please visit the firm’s website at
http://rosenlegal.com/cases-748.html. You may also contact Phillip
Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or
via e-mail at pkim@rosenlegal.com or kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar
outcome.
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version on businesswire.com: http://www.businesswire.com/news/home/20151013006793/en/
The Rosen Law Firm, P.A.Phillip Kim, Esq.Kevin Chan,
Esq.Laurence Rosen, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: 212-686-1060Toll Free: 1-866-767-3653Fax:
212-202-3827pkim@rosenlegal.comkchan@rosenlegal.comlrosen@rosenlegal.comwww.rosenlegal.com
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