Kaskela Law LLC is investigating Bonanza Creek Energy, Inc. (NYSE: BCEI) (“Bonanza Creek”) on behalf of the company’s stockholders.
On May 10, 2021, Bonanza Creek announced that it had entered into an agreement to merge with Extraction Oil & Gas, Inc. (“Extraction”). In connection with the proposed transaction, Bonanza Creek is expected to issue over 215 million shares of the company’s common stock to Extraction’s stockholders, who are expected to own approximately 50% of the combined company.
The investigation seeks to determine whether Bonanza Creek’s executive officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the proposed transaction, and if Bonanza Creek stockholders are receiving all material information in connection with the proposed transaction.
Bonanza Creek stockholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (484) 258 – 1585, or by completing the information form on this page, for additional information about this investigation and their legal rights and options with respect to the proposed transaction.