NEW YORK, June 27, 2019 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Barnes & Noble, Inc., El Paso Electric Company, Cray, Inc., and Isramco, Inc. Additional information about each potential action can be found at the link provided.
Barnes & Noble, Inc. (NYSE: BKS)
Buyer: Elliot Advisors (UK) Ltd
Pursuant to the proposed transaction, announced on June 7, 2019 and valued at $683 million, Barnes & Noble shareholders will receive $6.50 for each share of Barnes & Noble common stock owned. The investigation focuses on whether Barnes & Noble and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the Barnes & Noble investigation go to: https://bespc.com/bks/.
El Paso Electric Company (NYSE: EE)
Buyer: Infrastructure Investments Fund
Pursuant to the proposed transaction, announced on June 3, 2019 and valued at $4.3 billion, El Paso Electric shareholders will receive $68.25 in cash for each share of El Paso Electric common stock owned. The investigation focuses on whether El Paso Electric and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the El Paso Electric investigation go to: https://bespc.com/ee/.
Cray Inc. (NASDAQ: CRAY)
Buyer: Hewlett Packard Enterprise Company
Pursuant to the proposed transaction, announced on May 17, 2019 and valued at $1.3 billion, Cray shareholders will receive $35.00 in cash for each share of Cray common stock owned. The investigation focuses on whether Cray and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the Cray investigation go to: https://bespc.com/cray/.
Isramco, Inc. (NASDAQ: ISRL)
Buyer: Naphtha Israel Petroleum Corporation Ltd.
Pursuant to the proposed transaction, announced on May 20, 2019, Isramco shareholders will receive $121.40 in cash for each share of Isramco common stock owned. The investigation focuses on whether Isramco and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
To learn more about the Isramco investigation go to: https://bespc.com/isrl/.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information about Bragar Eagel & Squire, P.C. please go to www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 308-1869
investigations@bespc.com
www.bespc.com