NEW YORK, July 20, 2020 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Noble Energy, Inc. ("NBL" or the "Company") (NASDAQ: NBL) in connection with the proposed acquisition of the Company by Chevron Corporation ("Chevron") (NYSE: CVX). Under the terms of the all-stock transaction, NBL shareholders will receive 0.1191 of a Chevron share for each share of NBL common stock that they own, representing implied per-share merger consideration of $10.15 based on CVX's July 20, 2020 closing price of $85.27. At current valuations, NBL stockholders will receive a mere 5.5% premium upon the closing of the deal.
If you own NBL shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether NBL's board acted to maximize shareholder value in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of the proposed acquisition,, and whether all information regarding the valuation of the deal will be fully and fairly disclosed to NBL shareholders. At least one analyst set a target price of $25.00 per NBL share, or approximately $15 above the near zero-premium $10.15 per-share merger consideration.
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
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SOURCE WeissLaw LLP