WASHINGTON, April 29, 2009 (GLOBE NEWSWIRE) -- The law firm of Finkelstein Thompson LLC is currently investigating possible shareholder claims related to the acquisition of Atlas Energy Resources LLC ("Atlas Energy") (NYSE:ATN) by Atlas America, Inc. ("Atlas America") (Nasdaq:ATLS), announced on Monday, April 27, 2009. Finkelstein Thompson welcomes inquiries from Atlas Energy shareholders by phone at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Atlas America owns an approximate 48% common unit interest and all of the Class A and management incentive interests in Atlas Energy. Recent news reports indicate that Atlas Energy and Atlas America have agreed to a merger which provides each class B common unit of Atlas Energy not currently held by Atlas America will be converted into 1.16 shares of Atlas America common stock when the merger is consummated. Based on the April 24, 2009 closing price of Atlas Energy, this would entitle Atlas Energy shareholders to approximately $14.39 per share -- a number significantly lower than the $16.50 closing price of Atlas Energy on February 13, 2009. Finkelstein Thompson is investigating the potential unfairness of this merger consideration for Atlas Energy shareholders, and of the process by which the merger was agreed upon.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit www.finkelsteinthompson.com.