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Clayton Williams Energy, Inc. (CWEI)

NYSE:CWEI

Summary

Faruqi & Faruqi, LLP Announces the Investigation of Clayton Williams Energy, Inc. (CWEI) Over the Proposed Sale of the Company to Noble Energy Inc.

Nadeem Faruqi, founding partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Clayton Williams Energy, Inc. (“Clayton Williams” or the “Company”) (NYSE:CWEI) for potential breaches of fiduciary duties in connection with the sale of the Company to Noble Energy Inc. for approximately $2.7 billion. 

The Company’s stockholders will only receive $34.75 in cash and 2.7874 shares of Nobel Energy common stock in exchange for each share of Company common stock they own, or approximately $138.96 per share. However, the offer is below the 52-week high price of $149.78 per share.

The investigation focuses on whether Clayton Williams’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 Clayton Williams’s shareholders.

If you own common stock in Clayton Williams and wish to obtain additional information and protect your investments free of charge, please fill out the form below or contact Nadeem Faruqi, Esq. either via e-mail at nfaruqi@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.  You may also contact Juan E. Monteverde, Esq.  either via email at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

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  • Company:
    Clayton Williams Energy, Inc. (CWEI)
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Contact Counsel

Nadeem Faruqi
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 01/20/2017

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