BALA CYNWYD, Pa., Jan. 8, 2015 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Uranerz Energy Corporation (NYSE MKT- URZ- News) ("Uranerz" or "the Company") for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Energy Fuels, Inc.
Click here to learn more about the investigation http://brodsky-smith.com/873-urz-uranerz-energy-ccorporation.html, or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Uranerz shareholders will receive 0.255 common shares of Energy Fuels stock for each share of Uranerz stock they own. The transaction values Uranerz at only approximately $1.57 per share.
The investigation concerns whether the Board of Uranerz Energy breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Energy Fuels is underpaying for Uranerz shares.
The transaction will result in a loss for many long-term holders of Uranerz stock. For example Uranerz stock traded at $5.77 per share on February 2, 2011 and traded at $1.89 per share as recently as March 7, 2014. In addition an analyst has set a $2.00 per share price target on Uranerz stock.
If you own shares of Uranerz Energy Corporation common stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at [email protected], by visiting http://brodsky-smith.com/873-urz-uranerz-energy-ccorporation.html, or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.
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