MILWAUKEE, Feb. 28, 2023 /PRNewswire/ -- Ademi LLP is investigating Ranger Oil (NASDAQ: ROCC) for possible breaches of fiduciary duty and other violations of law in its transaction with Baytex Energy.
Click here to learn how to join the action https://www.ademilaw.com/case/ranger-oil-corporation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi LLP alleges Ranger Oil's financial outlook and prospects are excellent and yet Ranger Oil shareholders are expected to receive only 7.49 of common shares of Baytex Energy and $13.31 in cash. The transaction agreement unreasonably limits competing bids for Ranger Oil by imposing a significant penalty if Ranger Oil accepts a superior bid. Ranger Oil insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Ranger Oil's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Ranger Oil.
If you own Ranger Oil common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or https://www.ademilaw.com/case/ranger-oil-corporation.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
