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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Stone Energy (NYSE: SGY) to Talos Energy LLC for one Talos share for each Stone Energy share.
The investigation concerns whether the Board of Stone Energy breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Talos Energy LLC is underpaying for Stone Energy shares, thus unlawfully harming Stone Energy shareholders.
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