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Federman & Sherwood Investigates GeoResources, Inc. for Possible

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johnsyn   Wednesday, 04/25/12 03:42:49 PM
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Federman & Sherwood Investigates GeoResources, Inc. for Possible Breaches of Fiduciary Duty
Georesources (NASDAQ:GEOI)
Today : Wednesday 25 April 2012
The law firm of Federman & Sherwood has initiated an investigation into Houston-based GeoResources, Inc. (NASDAQ: GEOI) (“GeoResources”) with respect to possible breaches of fiduciary duty by the company’s officers and directors, as well as violations of state law, in connection with its proposed acquisition by Halcón Resources (NYSE: HK) (“Halcón”).
On April 25, 2012, GeoResources, Inc. announced that it had agreed to merge with Halcón, whereby Halcón would acquire all outstanding shares of GeoResources common stock in a cash/stock offer of approximately $973.1 million (or $20.00 per GEOI share, plus 1.932 shares of HK stock for each share of GeoResources stock owned), resulting in GeoResources shareholders receiving approximately $37.97 per share. This merger offer is well below the target price range of $39.00-$43.00 recently announced by several analysts.
Federman & Sherwood is investigating whether: (1) the information being provided to GeoResources shareholders makes all necessary disclosures with respect to the merger; (2) whether the proposed merger offers adequate long-term value to GeoResources shareholders; and, (3) whether GeoResources could have received a premium for its shareholders had the officers and directors aggressively sought other purchasers for the company, thereby depriving GEOI stockholders of any premium if this transaction is approved, which is expected to close in the 3rd quarter of 2012.
If you currently own common stock in GeoResources, Inc., have information to assist in our investigation, or have any questions or concerns regarding this notice or preservation of your rights, please contact William B. Federman. Federman & Sherwood has extensive nationwide experience in representing investors in securities, derivative and merger-related shareholder class actions, and has been appointed as lead counsel in multiple complex cases.



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