MILWAUKEE, Sept. 11, 2013 (GLOBE NEWSWIRE) -- We are investigating the Board of Directors of Harvest Natural for possible breaches of fiduciary duty and other violations of state law in connection with the potential sale of Harvest Natural to Pluspetrol.
Click here to learn how to join the action: http://www.ademilaw.com/case/harvest-natural or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Harvest Natural's long-term financial outlook is very positive and yet Harvest Natural shareholders would receive only approximately $5.26 per share. Pluspetrol is well aware of Harvest Natural's improving financial metrics and would be purchasing Harvest Natural at a substantial discount. Harvest Natural has entered into exclusive negotiations with Pluspetrol, thereby severely placing public shareholders at a disadvantage in terms of maximizing potential bids. Harvest Natural insiders, their affiliates and other major shareholders own significant voting stock, will receive millions of dollars as part of change of control arrangements, and therefore can unduly influence a sale of Harvest Natural not necessarily in the best interests of non-insider shareholders. In light of these facts, our investigation centers on the conduct of Harvest Natural's Board of Directors and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Harvest Natural given its current financial condition and prospects.
If you own shares of Harvest Natural and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, http://www.ademilaw.com/case/harvest-natural.
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