2022-07-14 | TSX: TGL | Press release
NEW YORK, July 14, 2022 /PRNewswire/ — Weiss’ law investigation of possible breaches of fiduciary duty and other violations of law by the board of directors of VAALCO Energy, Inc. (“VAALCO” or the “Company”) (NYSE:EGY), in connection the Company’s proposed acquisition of TransGlobe Energy Corporation (“TransGlobe”) (NASDAQ: TGA). Under the merger agreement, the Company will acquire each TransGlobe share for 0.6727 common shares of VAALCO, leaving VAALCO shareholders to own approximately 54.5% and TransGlobe shareholders to own approximately 45.5% of the combined company. at the closing of the transaction. The share-for-share transaction is valued at approximately $307 million.
If you own VAALCO actions and wish to discuss this survey or have questions about this notice or your rights or interests, visit our website:
Weiss Law is investigating whether (i) VAALCO’s board of directors acted in the best interests of the company’s shareholders in agreeing to the proposed transaction, (ii) the merger consideration per share and percentage ownership are fair for VAALCO shareholders, and (iii) all information regarding the sale process and the valuation of the transaction will be fully and fairly disclosed.
Weiss Law has litigated hundreds of shareholder class and derivative actions for breach of corporate and fiduciary duties. We’ve recovered over $1 billion for defrauded customers and won significant corporate governance relief in many of those cases. If you have information or want legal advice regarding possible corporate wrongdoing (including insider trading, waste of company assets, accounting fraud or misleading information), fraud consumer rights (including false advertising, defective products or other deceptive marketing practices), or anti-trust violations, please email us at [email protected]
Show original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-investigates-vaalco-energy-inc-301586989.html
SOURCE Weiss’ Law