Brigham Exploration Company Has Agreed to be Acquired by Statoil ASA

  • Do you own shares of Brigham Exploration Company (Nasdaq: BEXP)?
  • Did you buy any shares before October 17, 2011?
  • Do you think that the proposed buyout price is too low?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Brigham Exploration Company concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Statoil ASA for $36.50 per share.

Click here to read the full press release.

Rigrodsky & Long, P.A. Investigates Brigham Exploration Company's Sale to Statoil ASA for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Brigham Exploration Company (“Brigham Exploration” or the “Company”) (Nasdaq: BEXP) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Statoil ASA (“Statoil”) in a transaction with an approximate value of approximately $4.4 billion.

Under the proposed agreement, Statoil will commence a tender offer for all of the outstanding shares of Brigham Exploration common stock by October 31, 2011.  Brigham Exploration shareholders will receive $36.50 per share in cash for all outstanding shares of Brigham Exploration common stock tendered in the offer.

The investigation concerns whether Brigham Exploration’s board of directors adequately shopped the Company to obtain the best price possible for Brigham Exploration’s shareholders before entering into the agreement with Statoil.  Indeed, according to Yahoo! Finance, at least one analyst has set a $45.00 per share stock price for Brigham Exploration stock.

If you own the common stock of Brigham Exploration and purchased your shares before October 17, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware 19801, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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