Thieler Law Corp, member of the Investor Attorney Network, is investigating whether members of the board of directors of Clayton Williams Energy Inc (NYSE: CWEI) acted responsibly on behalf of investors’ profitability in the planned $2.7 billion sale to Noble Energy Inc (NYSE: NBL).
On January 17, 2017, Clayton Williams Energy Inc (NYSE: CWEI) and Noble Energy Inc (NYSE: NBL) announced that they had entered into a merger agreement. Under the terms of the merger agreement, Clayton Williams shareholders will only receive 2.7874 shares of Noble Energy common stock and $34.75 in cash for each share held.
Based in Midland, Texas, and founded in 1991 Clayton Williams Energy Inc is an independent oil and gas company, exploring, developing and producing oil and natural gas primarily in Texas and New Mexico.
The investigation focuses on whether NYSE: CWEI investors received the highest price and whether the directors of Clayton Williams Energy Inc acted in the best interest of Clayton Williams Energy Inc company and its shareholders.
If you purchased Clayton Williams Energy Inc (NYSE: CWEI) prior to January 17, 2017, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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