Harwood Feffer LLP Announces Investigation of Crimson Exploration Inc.
NEW YORK, May 1, 2013 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Crimson Exploration Inc. ("Crimson" or the "Company") (NASDAQ: CXPO) concerning the proposed acquisition of the Company by Contango Oil & Gas Company ("Contango") in a transaction valued at approximately $390 million.
On April 30, 2013, Crimson announced that it had entered into a definitive agreement pursuant to which the Company will be acquired by Contango. Under the terms of the agreement, Crimson stockholders will receive 0.08288 shares of Contango stock for each Crimson share held, or approximately $3.19 per share.
Our investigation concerns whether the Crimson board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Crimson shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin Sachs-Michaels, Esq.
Robert I. Harwood, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP