|[July 14, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Kodiak Oil & Gas Corp. and Its Board of Directors In Connection With the Sale of the Company to Whiting Petroleum Corporation
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of Kodiak Oil &
Gas Corp. ("Kodiak" or "the Company") (NYSE: KOG) for possible breaches
of fiduciary duty and other violations of state law in connection with
the sale of the Company to Whiting Petroleum Corporation.
Click here to learn more about the investigation: http://zlk.9nl.com/kodiak-oil-gas-kog,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Kodiak shareholders will receive
0.177 of a share of Whiting stock for each share of odiak common stock
they own, representing a value of $13.90 per share based on the closing
price of Whiting common stock on July 11, 2014. The investigation
concerns whether the Board of Kodiak breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether Whiting Petroleum
Corporation is underpaying for Kodiak shares. In particular, shares of
Kodiak traded above the offer price the day before the merger was
announced, and at least one analyst set a price target of $19.00 per
If you own Kodiak 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/kodiak-oil-gas-kog.
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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