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Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of Barnes & Noble, El Paso Electric, Cray, and Isramco on Behalf of Stockholders and Encourages Investors to Contact the Firm

/EIN News/ -- 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

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Distribution channels: Consumer Goods, Law


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