PHILADELPHIA, July 30. 10, 2022 (GLOBE NEWSWIRE) — Investor protection law firm Kaskela Law LLC is investigating possible legal claims on behalf of investors in VAALCO Energy, Inc. (NYSE:EGY) (“VAALCO”) regarding the transaction recently announced by the Company with TransGlobe Energy Corporation (“TransGlobe”).
On July 14, 2022, VAALCO announced that it had entered into an agreement to acquire TransGlobe in an all-stock transaction. In connection with the proposed transaction, CareMax has indicated that it plans to issue 49.3 million Class A common stock of CareMax to shareholders of TransGlobe who, therefore, are expected to hold more than 45% of the combined company. Following the announcement of this transaction, VAALCO shares fell $1.03 per share, or more than 16.5% in value.
The investigation aims to determine whether members of VAALCO’s board of directors violated securities laws or breached their fiduciary duties in connection with the proposed transaction, and whether the company properly disclosed all conflicts of potential interests to its shareholders.
VAALCOsshareholders wishing to protect their investment are invited to contactKaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (888) 715 – 1740, or by email ([email protected]/[email protected]) or online athttps://kaskelalaw.com/cases/vaalco/to receive additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and M&A litigation, and has helped recover over $100 million on behalf of victimized investors. For more information about Kaskela Law LLC, please visit www.kaskelalaw.com.
D.Seamus Kaskela, Esq.
Adrienne Bell, Esq.
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