SHAREHOLDER ALERT: WeissLaw LLP Investigates Lonestar Resources US Inc.
Provided By PR Newswire
Last update: Jul 12, 2021
NEW YORK, July 12, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Lonestar Resources US Inc. ("Lonestar" or the "Company") (OTC: LONE) in connection with the Company's proposed merger with Penn Virginia Corporation ("Penn") (NASDAQ: PVAC). Under the terms of the merger agreement, Lonestar shareholders will receive 0.51 shares of Penn stock for each Lonestar share they own, representing implied per-share merger consideration of approximately $11.74 based upon Penn's July 9, 2021 closing price of $23.02.
If you own Lonestar shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/lone
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw LLP is investigating whether Lonestar's board acted in the best interest of Lonestar's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Penn, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Lonestar's public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP
