Robbins Umeda LLP Announces Investigation of XTO Energy Inc.-Exxon Mobile Corporation Merger
2009年12月15日 - 7:59AM
ビジネスワイヤ(英語)
Robbins Umeda LLP has commenced an investigation into possible
breaches of fiduciary duty and other violations of state law by
members of the Board of Directors of XTO Energy Inc. ("XTO") in
connection with its decision to merge with Exxon Mobile Corporation
("Exxon"). XTO and Exxon announced their agreement to merge the
companies on Monday, December 14, 2009. Under the terms of the
merger agreement, Exxon has agreed to exchange 0.7098 common shares
for each common share of XTO. This exchange ration is based on the
closing share prices of Exxon and XTO on December 11, 2009. XTO and
Exxon expect to complete the transaction in the second quarter of
2010.
Robbins Umeda LLP's investigation concerns whether the
consideration to be received by XTO shareholders is fair and
whether the directors and special committee members have acted in
the shareholders' best interests in connection with the sale
process.
If you are a shareholder of XTO and would like more information
about your rights as a shareholder, please contact attorney Lauren
Levi at 800-350-6003 or by email at llevi@robbinsumeda.com.
Robbins Umeda is a San Diego, California-based law firm with
substantial experience representing investors in merger-related
shareholder class actions, shareholder derivative actions, and
securities fraud class actions. For more information about the
firm, please visit http://www.robbinsumeda.com.
XTO (NYSE:XTO)
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