NEW YORK, Jan. 8, 2015 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Uranerz Energy Corporation ("Uranerz" or the "Company") (NYSE: URZ) (ISIN: US91688T1043) (CUSIP: 91688T104) concerning the proposed acquisition of Uranerz by Energy Fuels Inc. ("Energy Fuels").
Uranerz shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The investigation concerns whether the Uranerz directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the proposed acquisition, shareholders of Uranerz will receive 0.255 common shares of Energy Fuels for each share of Uranerz common stock held, valued at approximately $1.57 per share of Uranerz common stock based upon Energy Fuels' closing stock price on January 2, 2015. However, an analyst recently set a price target of $2.50 per share of Uranerz common stock.
Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP