SAN DIEGO, June 18, 2018 /PRNewswire/ -- Shareholder
Rights Law Firm Johnson Fistel, LLP is investigating potential
claims against Energy XXI Gulf Coast, Inc., and Perry Ellis
International, Inc. as detailed below:
Energy XXI Gulf Coast, Inc.
Shareholder rights law
firm Johnson Fistel, LLP has launched an investigation into whether
the board members of Energy XXI Gulf Coast, Inc. (NASDAQ: EGC)
("Energy XXI") breached their fiduciary duties in connection with
the proposed sale of the Company to Cox Oil ("Cox").
On June 18, 2018, Energy XXI
announced that it had signed a definitive merger agreement with
Cox. Under the terms of the agreement, Energy XXI shareholders will
only receive $9.10 in cash for each
share.
The investigation concerns whether the Energy XXI board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Energy XXI shares of common stock. Nationally recognized
Johnson Fistel is investigating
whether the proposed deal price represents adequate consideration,
especially given Wall Street analysts' projections for future
revenue and earnings growth. The 52-week high for Energy XXI
is $23.49.
If you are a shareholder of Energy XXI and believe the
proposed buyout price is too low or you're interested in learning
more about the investigation or your legal rights and remedies,
please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing,
please include a phone number.
Perry Ellis International, Inc.
Shareholder rights
law firm Johnson Fistel, LLP has launched an investigation into
whether the board members of Perry Ellis International, Inc.
(NASDAQ: PERY) ("Perry Ellis") breached their fiduciary duties in
connection with the proposed sale of the Company to a newly formed
entity controlled by George
Feldenkreis, Perry Ellis'
founder and member of the Company's Board of Directors.
On June 18, 2018, Perry Ellis
announced that it had signed a definitive merger agreement with
George Feldenkreis. Under the terms
of the agreement, shareholders of Perry Ellis will receive
$27.50 in cash for each share of
Perry Ellis common stock.
The investigation concerns whether the Perry Ellis board failed
to satisfy its duties to the Company shareholders, including
whether the board adequately pursued alternatives to the
acquisition and whether the board obtained the best price possible
for Perry Ellis shares of common stock.
If you are a shareholder of Perry Ellis and believe (1) the
proposed buyout price is too low or (2) the merger benefits
management more than the shareholders, and (3) you're interested in
learning more about the investigation or your legal rights and
remedies, please contact lead analyst Jim
Baker (jimb@johnsonfistel.com) at 619-814-4471. If
emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally
recognized shareholder rights law firm with offices in California, New
York and Georgia. The firm
represents individual and institutional investors in shareholder
derivative and securities class action lawsuits. For more
information about the firm and its attorneys, please visit
http://www.johnsonfistel.com. Attorney advertising. Past results do
not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker
619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP