Faruqi and Faruqui, LLP Logo
Share this page

Brigham Exploration Co. (BEXP)

NASDAQ: BEXP

Summary

Faruqi & Faruqi, LLP Announces Investigation of Brigham Exploration Co. (BEXP)

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Brigham Exploration Co. (“Brigham” or the “Company”) (NASDAQ: BEXP), an independent exploration, development and production company, for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Statoil ASA (NYSE: STO) in an all-cash deal valued at about $4.4 billion. Under the terms of the proposed transaction, Brigham stockholders will receive $36.50 in cash for each share of Brigham common stock they own, while according to Yahoo! Finance, at least one financial analyst has set a price target of $45 for Brigham. The proposed transaction is structured as a tender offer and may be effectuated without a shareholder vote.

Whether Brigham’s Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether the proposed transaction undervalues Brigham’s shares and by how much this proposed transaction undervalues the Company to the detriment of Brigham’s shareholders are the key focus of this investigation.

If you own common stock in Brigham and wish to obtain additional information, please contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Brigham Exploration Co. (BEXP)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

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

Email:

Case Details

Date:

  • 10/19/2011

Send Information

If you have information regarding this case that you would like to make available, please click here to contact us about our investigation.