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Investigation of Acquisition of American Oil & Gas Inc. by Hess Corp.Rigrodsky & Long, P.A. Investigates American Oil & Gas, Inc. BuyoutPress Release Source: Rigrodsky & Long, P.A. On Wednesday July 28, 2010, 11:00 am EDT
WILMINGTON, Del.--(BUSINESS WIRE)--Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of American Oil & Gas, Inc. (“American Oil & Gas” or the “Company”) (AMEX: AEZ) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired by Hess Corporation (“Hess”) (NYSE: HES) in a transaction valued at approximately $445 million. (http://www.rigrodskylong.com/news/AmericanOilGasInc.-AEZ).
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Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of American Oil & Gas Inc. - AEZPress Release Source: Levi & Korsinsky, LLP On Wednesday July 28, 2010, 10:59 am EDT
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of American Oil & Gas Inc. (“American Oil & Gas” or the “Company”) (AMEX: AEZ - News) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Hess Corporation ("Hess") (NYSE: HES - News). Under the terms of the transaction, American Oil & Gas shareholders will receive 0.1373 shares of Hess stock for each share of American Oil & Gas they own. Based on the prior closing price of Hess stock, the proposed transaction values American Oil & Gas stock at approximately $7.32 per share and the Company at approximately $443 million. In addition, American Oil & Gas shareholders may receive a cash dividend based on the Company's positive working capital as of the closing date. The investigation concerns whether the American Oil & Gas Board of Directors breached their fiduciary duties to American Oil & Gas stockholders by failing to adequately shop the Company before entering into this transaction and whether Hess is underpaying for American Oil & Gas shares, thus unlawfully harming American Oil & Gas stockholders. In particular, American Oil & Gas stock traded at $7.52 per share as recently as May 12, 2010 and the median price target for American Oil & Gas stock set by analysts is $8.50 per share with at least one analyst setting a price target at $10.00 per share. If you own common stock in American Oil & Gas and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500 or visit http://www.zlk.com/american-oil-gas-aez.html.
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Kendall Law Group Investigates American Oil & Gas Inc. Acquisition for ShareholdersPress Release Source: Kendall Law Group On Wednesday July 28, 2010, 11:40 am
DALLAS--(BUSINESS WIRE)--Kendall Law Group, a national securities firm led by a former federal judge and a former U.S. Attorney announce an investigation of American Oil & Gas Inc. (AMEX: AEZ - News) for shareholders in connection with the proposed acquisition of the company by Hess Corporation. The firm’s investigation seeks to determine whether American Oil & Gas (American) and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders. American Oil and Gas shareholders are encouraged to contact the Kendall Law Group at 877-744-3728 or by email at skendall@kendalllawgroup.com for more information regarding your rights.
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Bernstein Liebhard LLP Announces Investigation of Acquisition of American Oil & Gas Inc. by Hess Corp.Press Release Source: Bernstein Liebhard LLP On Wednesday July 28, 2010, 10:28 am EDT
NEW YORK--(BUSINESS WIRE)--Bernstein Liebhard LLP is investigating whether the Board of Directors of American Oil & Gas Inc. (“AOG” or the “Company”) (AMEX: AEZ - News) breached its fiduciary duty to its shareholders in agreeing to sell AOG to Hess Corp. (NYSE: HES - News) Under the terms of the agreement, AOG shareholders will receive 0.1373 shares of Hess common stock for each share they own, placing the total value of the transaction at approximately $445 million. Completion of the transaction is expected in the fourth quarter of 2010. The investigation is focused on the potential unfairness of the price to AOG shareholders and the process by which the AOG Board of Directors considered and approved the transaction. If you are interested in discussing your rights as an AOG shareholder and/or have information relating to the matter, please contact U. Seth Ottensoser at (877) 779-1414 or Ottensoser@bernlieb.com. Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last seven years. Bernstein Liebhard LLP
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| Msg # | Subject | Author | Recs | Date Posted |
| 331 | Re: Investigation of Acquisition of American Oil & Gas Inc. by Hess Corp. | Nickm | 2 | 7/28/2010 12:28:03 PM |
