Ryan & Maniskas, LLP Announces Investigation Into The Proposed Merger Of Mariner Energy, Inc.
Ryan & Maniskas, LLP is investigating whether the directors of Mariner Energy, Inc. ("Mariner" or the “Company”) (NYSE: ME) breached their fiduciary duties in approving the proposed merger of the Company with Apache Corporation (“Apache”). Under the agreement, Mariner shareholders will receive, in aggregate, 0.17043 of a share of Apache common stock and $7.80 in cash for each outstanding share of Mariner's common stock, subject to an election feature and proration. The investigation concerns whether the deal undervalues Mariner shareholders and also concerns possible breaches of fiduciary duty and other violations of law related to approval of the transaction by Company’s board of directors.
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