SHAREHOLDER ALERT: Brower Piven Announces the Investigation of Forest Oil
Corporation in Connection with the Proposed Sale of the Company to Sabine
Oil & Gas LLC
STEVENSON, Md. -- May 8, 2014
The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty to current shareholders of Forest Oil Corporation (“Forest” or
the “Company”) (NYSE: FST) and other violations of state law by the board of
directors of Forest relating to the proposed buyout of the Company by Sabine
Oil & Gas LLC (“Sabine”).
On May 6, 2014, Forest and Sabine entered into an agreement whereby Sabine
will acquire Forest. Under the terms of the agreement, each share of Forest
common stock will be converted into 0.1 of a share of Sabine common stock. The
firm’s investigation seeks to determine, among other things, whether the
Company’s board of directors breached their fiduciary duties by failing to
maximize shareholder value before agreeing to enter into this transaction, and
whether Sabine is underpaying for Forest shares.
If you currently own common stock of Forest and would like to learn more about
the investigation being conducted by Brower Piven, without cost or obligation
to you, click here: http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either by
email at email@example.com or by telephone at (410) 415-6616. Attorneys
at Brower Piven together have more than a century of experience litigating
securities and other class action cases.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
1925 Old Valley Road
Stevenson, Maryland 21153
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