Provided By PR Newswire
Last update: Nov 23, 2021
NEW YORK, Nov. 22, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Goodrich Petroleum Corporation ("Goodrich" or the "Company") (NYSE: GDP) in connection with the proposed acquisition of the Company by a subsidiary of Paloma Partners VI Holdings, LLC, an affiliate of EnCap Energy Capital Fund XI L.P., via a tender offer. Under the terms of the acquisition agreement, the Company's shareholders will receive $23.00 per share in cash for each share of Goodrich common stock that they hold. The transaction is valued at approximately $6.2 billion.
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