Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the Board) of WildHorse Resource Development Corporation (WildHorse or the Company) (NYSE: WRD) related to the Companys entry into an agreement to merge with Chesapeake Energy Corporation (Chesapeake) (NYSE: CHK) in a transaction announced on October 30, 2018 (the Proposed Transaction).
On October 29, 2018, the Board caused WildHorse to enter into an agreement and plan of merger (the Merger Agreement) with Chesapeake. Pursuant to the terms of the Merger Agreement, shareholders of WildHorse can elect to receive either 5.989 shares of Chesapeake common stock or a combination of 5.336 shares of Chesapeake common stock and $3.00 in cash for each share of WildHorse common stock.
On December 5, 2018, Chesapeake filed a Form S-4 Registration Statement (Registration Statement) with the United States Securities and Exchange Commission (SEC) in connection with the Proposed Transaction, which recommends that WildHorses shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Registration Statement, including whether the Registration Statement omits material information with respect to the Proposed Transaction.
If you own common stock of WildHorse and purchased any shares before October 30, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at [email protected], or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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