SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces Investigation of
SYNTROLEUM CORP. and Its Board of Directors In Relation to the Sale of Its
Assets to Renewable Energy Group, Inc.
NEW YORK -- December 17, 2013
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.
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
If you own Syntroleum common stock and wish to obtain additional information,
please contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by
telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit
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. Prior results do not guarantee
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Toll Free: 877-363-5972
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