ATHLON ENERGY INC. INVESTOR ALERT: Faruqi & Faruqi, LLP Announces the Investigation of Athlon Energy Inc. (ATHL) Over the Proposed Sale of the Company to Encana Corporation (ECA)
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 Athlon Energy Inc. (“Athlon” or the “Company”) (NYSE: ATHL) for potential breaches of fiduciary duties in connection with the sale of the Company to Encana Corporation (“Encana”) (ECA) for approximately $7.1 billion, approximately $1.15 billion of which will be the assumption of Athlon senior notes by Encana. The Company’s stockholders will receive $58.50 for each share of Athlon common stock they own. However, some analysts have set a price target for the Company as high as $65.00.
The investigation focuses on whether Athlon’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 Athlon’s shareholders.
If you own common stock in Athlon and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
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Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330
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