|[March 19, 2014]
Law Firm Brower Piven Announces Investigation of EPL Oil & Gas, Inc. Proposed Buyout
STEVENSON, Md. --(Business Wire)--
The securities litigation firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of EPL Oil & Gas, Inc. ("EPL" or
the "Company") (NYSE: EPL) and other violations of state law by the
board of directors of EPL relating to the proposed buyout of the Company
by Energy XXI.
Under the terms of the transaction, EPL shareholders will receive $39
per share for each share of EPL stock they own. According to Yahoo!
Finance, t least one analyst following EPL has set a target price of
$44 per share. The firm's investigation seeks to determine, among other
things, whether the Company's board of directors breached their
fiduciary duties by failing to maximize shareholder value before
agreeing to enter into this transaction, and whether Energy XXI is
underpaying for EPL shares.
If you currently own common stock of EPL and would like to learn more
about the investigation being conducted by Brower Piven, you may email
or call Brower Piven, who will, without obligation or cost to you,
attempt to answer your questions. You may contact Brower Piven by email
by calling (410) 415-6616, or at Brower Piven, A Professional
Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys
at Brower Piven have combined experience litigating securities and other
class action cases of over 60 years.
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