NEW YORK, July 18 12, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, has launched an investigation into whether officers or directors of TransGlobe Energy Corporation (NASDAQ: TGA) (“TransGlobe”) breached their fiduciary duties or violated federal securities laws in connection with the company’s acquisition by VAALCO Energy, Inc. (NYSE:EGY) (“VAALCO”).
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On July 14, 2022, TransGlobe announced that it had reached an agreement for acquisition by VAALCO in an all-stock transaction valued at $307 million. Pursuant to the merger agreement, VAALCO will acquire each TransGlobe share for 0.6727 VAALCO common shares. The deal is expected to close in the second half of 2022.
Bragar Eagel & Squire is concerned that TransGlobe’s board oversaw an unfair process and ultimately agreed to an inadequate merger deal. Accordingly, the company is reviewing all relevant aspects of the agreement and is committed to ensuring the best possible outcome for TransGlobe shareholders.
If you own shares of TransGlobe and are concerned about the proposed merger, or would like to know more about the investigation or your legal rights and remedies, please contact Melissa Fortunato by email at [email protected] or by phone at (646) 860 -9157, or by filling out this contact form. There is no cost or obligation for you.
About Bragar Eagel & Squire, PC:
Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation before state and federal courts across the country. For more company information, please visit www.bespc.com. Lawyer advertisement. Prior results do not guarantee similar results.
Bragar Eagel & Squire, CP
Melissa Fortunato, Esq.