Levi & Korsinsky is investigating the Board of Directors of Syntroleum
Corp. (“Syntroleum” or “the Company”) (NASDAQ:SYNM) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of substantially all of the Company’s assets to
Renewable Energy Group, Inc. (“REG”) (NASDAQ:REGI).
Click here to learn more about the action http://www.zlkdocs.com/Syntroleum-Request-Form-1347/,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of asset sale, Syntroleum will receive 3,796,000 shares
of REG common stock. Syntroleum currently intends to distribute all of
the shares of REG common stock received in the asset sale to
Syntroleum’s stockholders, assuming that the Company’s cash reserve is
sufficient to discharge Syntroleum’s obligations and expenses associated
with the asset sale and dissolution. Syntroleum shareholders will then
receive approximately 0.3809 shares of REG common stock for each
outstanding share of Syntroleum common stock they own (subject to
reduction in the event that the aggregate market value of the REG common
stock to be issued would exceed $49 million or if the cash transferred
to REG is less than $3.2 million). The investigation concerns whether
the Syntroleum Board of Directors breached their fiduciary duties to
stockholders by failing to adequately shop the Company before agreeing
to enter into this transaction, and whether REG is underpaying for
Syntroleum assets.
If you own Syntroleum common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://www.zlkdocs.com/Syntroleum-Request-Form-1347/.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm’s 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
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