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Apco Oil (APAGF) Merger Review

Apco merger lawsuit investigation

Apco Oil & Gas International Inc. (APAGF) announced it has entered into a definitive agreement with Pluspetrol Resources Corporation under which Pluspetrol Resources Corporation will acquire all outstanding shares of Apco Oil for $427 million.   Apco Oil stockholders will only receive $14.50 in cash per each Apco share.

 

Apco Oil shareholders are entitled to answers to important questions regarding the proposed merger

  1. Does the merger agreement contain unfair termination provisions?  The merger agreement calls for $14.5 million termination fee under curtain circumstances.  Fair?
  2. Does the merger agreement place perhaps an undue burden on the board of directors relating to subsequent offers from third parties. 
  3. Did the Apco Oil board of directors obtain a fairness opinion from an independent investment bank?  
  4. What did the independent fairness show?
  5. Did the board of directors engage other potential suitors?
  6. WPX - who owns 69% of Apco Oil stock has already entered into a Power of Attorney to vote in favor of deal and to vote against any other offer. Fair?

Apco Oil merger or takeover shareholder lawsuit investigation

State security laws provide shareholders a no cost means to question a proposed sale of a publicly traded company.  This review process is deemed a shareholder class action and affords at times shareholders an avenue to investigate fully the proposed transaction.  At minimum, this process often obtains answers to the above questions.  If you own the common stock of Apco Oil and if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please fill out the contact form on this web page. 

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