KODIAK OIL & GAS INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Kodiak Oil & Gas Corp. (KOG) Board of Directors in Connection With the Proposed Sale of the Company to Whiting Petroleum Corporation
Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Kodiak Oil & Gas Corp. (“Kodiak” or the “Company”) (NYSE: KOG) for potential breaches of fiduciary duties in connection with the sale of the Company to Whiting Petroleum Corporation (“Whiting”) in an all-stock deal valued at approximately $6 billion. The Company’s stockholders will only receive 0.177 Whiting shares for each share of Kodiak common stock they own, which is equivalent to approximately $13.90 per share based on Whiting’s closing price on July 11, 2014. According to Yahoo! Finance, at least one analyst has set a price target of $19.00 for the Company.
The investigation focuses on whether Kodiak’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Kodiak’s shareholders.
If you own common stock in Kodiak and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
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Tel: (212) 983-9330
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