Harwood Feffer LLP Announces Investigation of Bonanza Creek Energy, Inc.
Nov 15, 2017
NEW YORK, Nov. 15, 2017 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Bonanza Creek Energy, Inc. ("Bonanza" or the "Company") (NYSE: BCEI) concerning the proposed sale of the Company to SandRidge Energy ("SandRidge").
Under the terms of the offer, SandRidge would acquire Bonanza in a transaction valued at approximately $746 million. Pursuant to the deal, Bonanza stockholders will receive $36.00 in cash per common share of Bonanza owned.
Our investigation concerns whether the Bonanza board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company stockholders.
If you own Bonanza shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Robert I. Harwood, Esq.
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
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Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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