The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Uranerz Energy Corporation ("Uranerz" or the "Company") (NYSE: URZ) relating to the proposed buyout of the Company by Energy Fuels Inc. ("Energy Fuels"). On January 5, 2015, Uranerz and Energy Fuels announced the signing of a definitive agreement pursuant to which Energy Fuels will acquire Uranerz. Under the terms of the transaction, shareholders of Uranerz will receive 0.255 common shares of Energy Fuels for each share of Uranerz common stock held. Based upon Energy Fuels' closing stock price on January 2, 2015, Uranerz shareholders would have received consideration valued at approximately $1.57 per share. The transaction is expected to be completed in the second quarter of 2015, though Uranerz shareholders will most likely be asked to vote on the transaction well before that time. The firm's investigation seeks to determine, among other things, whether the Company's Board of Directors failed to satisfy their duties to shareholders, including whether the Board adequately pursued alternatives to the acquisition and whether the Board obtained the best price possible for the Company's shares of common stock. In particular, according to Yahoo! Finance, at least one Wall Street analyst has issued a price target for Uranerz stock at $2.00 per share. If you currently own common stock of Uranerz and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at firstname.lastname@example.org or by telephone at (410) 415-6616. Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.
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