SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of Forest Oil
Corporation - FST
BALA CYNWYD, Pa., May 14, 2014
BALA CYNWYD, Pa., May 14, 2014 /PRNewswire/ -- Law office of Brodsky & Smith,
LLC announces that it is investigating potential claims against the Board of
Directors of Forest Oil Corporation ("Forest Oil" or the "Company") (NYSE
–FST-News) relating to the proposed acquisition by Sabine Oil & Gas LLC
Click here to learn more about the investigation
http://brodsky-smith.com/759-fst-forest-oil-corporation.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction Forest Oil shareholders will receive only
0.1 share of Sabine common stock for each share of Forest oil stock they own.
Forest Oil shareholders are expected to own only approximately 26.5% of the
combined company. The investigation concerns possible breaches of fiduciary
duty and other violations of state law by the Board of Directors of Forest Oil
for not acting in the Company's shareholders' best interests in connection
with the sale process.
The transaction may undervalue the Company as once the transaction is
completed Sabine will own one of the largest stakes in East Texas and will
have an estimated proved reserves of 1.5 trillion cubic feet equivalent of gas
and daily production of 345 million cubic feet in 2014. Further, Forest Oil
shareholders are being paid for their shares by the assets of a non-public
If you own shares of Forest Oil common stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may contact
Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC,
Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at
email@example.com, by visiting
http://brodsky-smith.com/759-fst-forest-oil-corporation.html, or calling toll
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and case action
lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous
courts throughout the country to serve as lead counsel in class actions and
successfully recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar outcome.
SOURCE Law Office of Brodsky & Smith, LLC
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