NEW YORK, April 25, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of GeoResources, Inc. ("GeoResources" or the "Company") (NASDAQ: GEOI) concerning the proposed acquisition of the Company by Halcon Resources Corp. in a transaction valued at approximately $973 billion.
On April 25, 2012, it was announced that GeoResources and Halcon have entered into a definitive agreement pursuant to which Halcon will acquire GeoResources. Under the agreement, GeoResources shareholders will receive $20.00 and 1.932 shares of Halcon common stock, representing a total of approximately $37.97 per share held.
Our investigation concerns whether the GeoResources 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 GeoResources 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:
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