SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of EPL Oil & Gas, Inc. - EPL PR Newswire NEW YORK, March 13, 2014 NEW YORK, March 13, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of EPL Oil & Gas ("EPL" or the "Company") (NYSE: EPL) (ISIN: US26883D1081) (CUSIP: 26883D108) concerning the proposed acquisition of EPL by Energy XXI (Bermuda) Limited. EPL shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at email@example.com or 212-661-1100 or 888-476-6529, ext. 237. The investigation concerns whether the EPL directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, based on Energy XXI's closing price on March 11, 2014.EPL stockholders will be able to elect, for each EPL share held, either: (i) $39.00 in cash; (ii) 1.669 common shares of Energy XXI; or (iii) $25.35 in cash plus 0.584 common shares of Energy XXI.All elections by shareholders will be subject to proration. However, the Price to EBITDA, EBIT, Revenue, and Total Assets multiples are below the averages of comparable transactions. Additionally, at least one analyst has set a target price of $43.00 per share. EPL shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at firstname.lastname@example.org or 212-661-1100 or 888-476-6529, ext. 237. Pomerantz LLP, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz LLP pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz LLP continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com. CONTACT: Robert Willoughby Pomerantz LLP 212-661-1100 ext. 237 email@example.com SOURCE Pomerantz LLP Website: http://www.pomerantzlaw.com
SHAREHOLDER ALERT: Pomerantz LLP Investigates Claims That the Merger May Not Be in the Best Interest of Investors of EPL Oil &
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