Penn Virginia Corporation
(NASDAQ GS: PVAC)
Attention investors who purchased shares of Penn Virginia Corporation before October 29, 2018:
Rigrodsky & Long is investigating potential claims against the board of directors of Penn Virginia Corporation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s agreement to be acquired by Denbury Resources Inc. for approximately $1.7 billion.
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ GS: PVAC) regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Denbury Resources Inc. (“Densbury”) (NYSE: DNR) in a transaction valued at approximately $1.7 billion. Under the terms of the agreement, shareholders of Penn Virginia will receive 12.4 shares of Denbury common stock and $25.86 of cash for each share of Penn Virginia common stock.
If you own common stock of Penn Virginia and purchased any shares before October 29, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at email@example.com, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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