NEW YORK, NY / ACCESSWIRE / November 2, 2018 / WeissLawLLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of WildHorse Resource Development Corp. ("WRD" or the "Company") (WRD) in connection with the proposed acquisition of the Company by Chesapeake Energy Corporation (CHK) ("Chesapeake"). Under the terms of the acquisition agreement, shareholders can elect to receive either 5.989 shares of CHK for each WRD share they own, which represents consideration of $19.58 based on CHK's October 30 closing price, or a combination of cash and stock consisting of 5.336 shares of CHK and $3.00 in cash, representing consideration of $20.44.
If you own WRD shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, please contact:
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WeissLaw is investigating whether WRD's Board acted to maximize shareholder value prior to entering into the agreement. Notably, at least one analyst set a target price of $45.00 per WRD share.
Additionally, according to the acquisition announcement, the transaction will expand CHK's growth platform, accelerate its strategic and financial goals, and reduce its debt.
Given these facts, WeissLaw is investigating whether WRD's Board acted in the best interests of WRD's public shareholders to maximize shareholder value prior to entering into the agreement. If you own WRD shares and would like more information about your rights or our investigation, or if you have information to share with us, please contact Joshua Rubin by telephone at (888) 593-4771 or by email at email@example.com.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at firstname.lastname@example.org
SOURCE: WeissLaw LLP