BALA CYNWYD, Pa., April 28, 2012 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of GeoResources,
Inc. ("GeoResources" or the "Company") (Nasdaq: GEOI) relating to
the proposed acquisition by Halcon Resources Corporation (NYSE:
HK).
Under the terms of the transaction, GeoResources shareholders
would receive only $20.00 in cash and
1.932 shares of Halcon common stock for each share of the
GeoResources they own. The investigation concerns possible breaches
of fiduciary duty and other violations of state law by the Board of
Directors of GeoResources for not acting in the Company's
shareholders' best interests in connection with the sale process to
Halcon. The transaction may undervalue GeoResourses as at least six
(6) analysts have released target prices that value the Company's
stock between $38.00 and $43.00 per
share, all above the current offer.
If you own shares of GeoResources stock and wish to discuss the
legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com visiting
http://www.brodsky-smith.com/415-geoi-georesources-inc.html, or by
calling toll free 877-LEGAL-90.
SOURCE Brodsky & Smith, LLC
