TSX:ERF - Post Discussion
Post by
retiredcf on Feb 22, 2024 7:05am
More on Chord
As always in the US. GLTA
Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Chord Energy Corporation (NASDAQ: CHRD) and Enerplus Corporation is fair to Chord shareholders. Under the terms of the proposed transaction, each common share of Enerplus will be exchanged for 0.10125 shares of Chord common stock and $1.84 per share in cash. Upon completion of the proposed transaction, Chord shareholders will own approximately 67% of the combined company. Halper Sadeh encourages Chord shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether Chord and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Chord shareholders; and (2) disclose all material information necessary for Chord shareholders to adequately assess and value the merger consideration.
And separately.
Return of Capital:
Chord declared a base-plus-variable cash dividend of $3.25 per share of common stock, including a base dividend of $1.25 per share of common stock and a variable dividend of $2.00 per share of common stock. The dividends will be payable on March 19, 2024 to shareholders of record as of March 5, 2024.
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