We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Isramco, Inc. (“Isramco” or the “Company”) (NASDAQ: ISRL) to Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”) and certain wholly owned subsidiaries thereof. Under the terms of the deal, the holders of the Company’s outstanding shares of common stock will receive US $121.40 per share in cash, other than (i) the shares owned by NHL or IOC, (ii) the shares held by Isramco as treasury stock and (iii) the shares in respect of which appraisal rights have been properly and validly exercised under Delaware law.
The Isramco merger investigation concerns whether the Board of Isramco breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Naphtha is underpaying for Isramco shares, thus unlawfully harming Isramco shareholders.
To receive more information, please fill out the form.