|[March 17, 2014]
INVESTOR ALERT: LEVI & KORSINSKY, LLP Announces Investigation of EPL Oil & Gas, Inc. and Its Board of Directors In Connection With the Sale of the Company to Energy XXI
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of EPL Oil &
Gas, Inc. ("EPL" or "the Company") (NYSE:EPL) for possible breaches of
fiduciary duty and other violations of state law in connection with the
sale of the Company to Energy XXI ("XXI") (Nasdaq: EXXI).
Click here to learn more about the action http://zlk.9nl.com/epl-oil-epl,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, EPL shareholders may elect to
receive either $39.0 in cash, 1.669 common shares of Energy XXI, or
$25.35 in cash plus 0.584 common shares of Energy XI for each share of
EPL common stock they own. The investigation concerns whether the EPL
Board breached their fiduciary duties to stockholders by failing to
adequately shop the Company before agreeing to enter into this
transaction, and whether XXI is underpaying for EPL shares. In
particular, at least one analyst set a price target for EPL stock at
$44.00 per share.
If you own EPL common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/epl-oil-epl.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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