NEW YORK, June 08, 2021 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Contango Oil & Gas Company (NYSE: MCF) breached their fiduciary duties or violated the federal securities laws in connection with the company’s acquisition by Independence Energy, LLC.
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On June 8, 2021, Contango announced that it had signed an agreement to merge with Independence in an all-stock merger valued at approximately $5.7 billion. Pursuant to the merger agreement, at the close of the merger Contango stockholders will own approximately 24% of the combined company. The deal is scheduled to close in the late third quarter or early fourth quarter of 2021.
Bragar Eagel & Squire is concerned that Contango’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Contango’s stockholders.
If you own shares of Contango and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at
or telephone at (646) 860-9157, or by
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About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit
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