Jan 31, 2012, 02:28 ET
NEW YORK, Jan. 31, 2012 /PRNewswire/ -- Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed sale of Venoco, Inc. (NYSE: VQ) (referred to as "Venoco" or the "Company") to Timothy M. Marquez, Venoco's Chairman and CEO, through a wholly owned entity, Denver Parent Corporation. The transaction implies a total enterprise value of approximately $1.5 billion.
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Under the terms of the definitive agreement, Venoco shareholders, excluding Mr. Marquez and his affiliated entities, will receive $12.50 per share in cash upon completion of the transaction. Mr. Marquez, together with affiliated trusts and foundations, holds 50.3% of Venoco's common stock.
Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company's shareholders.
If you are a holder of Venoco common stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.
If you are a shareholder of Venoco and would like more information about our investigation, please contact Peter D. Bull, Esq. by telephone at (866) 313-6222 or by sending an e-mail including your contact information to: [email protected]. All e-mail correspondence should make reference to Venoco.
Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.
ATTORNEY ADVERTISING. © 2012 Bull & Lifshitz, LLP. The law firm responsible for this advertisement is Bull & Lifshitz, LLP, 18 East 41st Street, New York, New York 10017, (212) 213-6222. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Peter D. Bull, Esq.
Bull & Lifshitz, LLP
Email: [email protected]
SOURCE Bull & Lifshitz, LLP
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