Engel Law PLLC is investigating whether fair value to Ranger Oil shareholders will result from the proposed merger of Ranger Oil Corporation (NASDAQ:ROCC) with Baytex Energy Corp., in which Baytex will acquire all outstanding shares of Ranger Oil common stock for 7.49 shares of Baytex and $13.31 in cash for each Ranger Oil share.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.