Rigrodsky & Long, P.A. Investigates Buyout of Frontier Oil Corporation - FTO

  • Do you own Frontier Oil Corporation common stock?
  • Did you purchase your shares prior to February 22, 2011?
  • Do you feel the Company's sale to Holly Corporation is unfair?
  • 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.

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R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of Frontier Oil Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Holly Corporation in a transaction with a  total value of approximately $2.85 billion.

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Rigrodsky & Long, P.A. Investigates Buyout of Frontier Oil Corporation - FTO

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of Frontier Oil Corporation (“Frontier Oil” or the “Company”) (NYSE: FTO) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Holly Corporation (“Holly”) (NYSE: HOC) in a transaction with a  total value of approximately $2.85 billion.

Under the proposed agreement, Frontier Oil shareholders will receive 0.4811 Holly shares for each share of Frontier Oil common stock they own.  Upon closing of the transaction, Holly shareholders are expected to own approximately 51% and Frontier Oil shareholders are expected to own approximately 49% of the combined company.

The investigation concerns whether Frontier Oil’s board of directors failed to adequately shop the Company and obtain the best price possible for Frontier Oil’s shareholders before entering into the agreement with Holly.  Indeed, according to Yahoo! Finance, at least one analyst has set a price target of $33.00 per share for Frontier Oil stock.

If you own the common stock of Frontier Oil and purchased your shares before February 22, 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, 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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