Kendall Law Group, a national securities litigation firm, is investigating Mariner Energy, Inc. (NYSE: ME) for shareholders in connection to the proposed sale of the company to Apache Corporation. The firm is investigating whether Mariner breached its fiduciary duties by not properly shopping the Company prior to entering into the agreement. If you are a Mariner shareholder and have any information to contribute, or would like additional information about your rights, contact the Kendall Law Group at 877-744-3728 or by email at firstname.lastname@example.org.
On April 15, 2010, Mariner announced that it had entered into an agreement to be acquired by Apache in a $2.7 billion cash and stock transaction expected to close by the third quarter of 2010. Apache will also assume $1.2 billion of Mariner's debt. According to the agreement, shareholders will receive 0.17043 of Apache stock and $7.80 in cash, which values ME shares at approximately $26.22. However, Mariner stocks were trading in the $30 range in 2008, just prior to the economic crisis impacting the United States.
Kendall Law Group, founded by a former federal judge, includes a former United States Attorney, prosecutors and securities lawyers who are experienced in complex securities litigation. The firm has been counsel in many merger and acquisition cases nationwide, including some of the largest transactions in the United States. You are encouraged to contact the firm if you have information about this transaction.