PHILADELPHIA, PA / ACCESSWIRE / June 24, 2021 / Kaskela Law LLC announces that is investigating Contango Oil & Gas Company (NYSE:MCF) (“Contango”) on behalf of the company’s stockholders.

On June 8, 2021, Contango announced that it had entered into an agreement to combine with Independence Energy, LLC (“Independence”) in an all-stock merger. Under the terms of the proposed transaction, Contango shareholders are expected to own just 24% of the combined company. Following this announcement, shares of Contango’s common stock declined over 20% in value, to close on June 9, 2021 at $4.60 per share, on heavy trading volume.

The investigation seeks to determine whether Contango’s executive officers and/or directors violated the securities laws or breached their fiduciary duties in connection with the proposed transaction with Independence, and whether Contango shareholders are receiving all material information in connection with the proposed transaction.

Contango stockholders are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (484) 258 – 1585, or by email at [email protected] or online at https://kaskelalaw.com/case/contango-oil-gas-company/, for additional information about this investigation and their legal rights and options with respect to this proposed transaction.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.

CONTACT:
David Seamus Kaskela, Esq.
KASKELA LAW LLC
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740
www.kaskelalaw.com
[email protected]

SOURCE: KASKELA LAW LLC

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