A lawsuit was filed for investors in shares of Bill Barrett Corporation (NYSE:BBG) in connection with the proposed takeover and NYSE:BBG stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/14/2018 -- The Shareholders Foundation announces that an investor, who currently holds shares of Bill Barrett Corporation (NYSE:BBG), filed a lawsuit in effort to halt the proposed takeover of Bill Barrett Corporation.
Investors who purchased shares of Bill Barrett Corporation (NYSE:BBG) and currently hold any of those NYSE:BBG shares have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The plaintiff alleges that the defendants breached their fiduciary duties owed to NYSE:BBG stockholders by agreeing to sell Bill Barrett Corporation cheaply via an unfair process.
On December 5, 2017, Bill Barrett Corporation (NYSE: BBG) announced that it has agreed to a strategic business combination with Fifth Creek Energy Company, LLC in a transaction valued at approximately $649 million.
However, plaintiff claims that the proposed consideration NYSE: BBG shareholders will receive is grossly inadequate and undervalues Bill Barrett Corporation. In addition, the plaintiff alleges that the process is also unfair NYSE: BBG stockholders.
Those who are current investors in Bill Barrett Corporation (NYSE:BBG) shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego