FX Energy, Inc. (NASDAQ:FXEN) Investor Investigation Over Potential Breaches Of Fiduciary Duties In Acquisition Announced

If you purchased shares of FX Energy, Inc. (NASDAQ:FXEN) and currently hold any of those NASDAQ:FXEN shares, you have certain options and you should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
FX Energy
Affected Securities: 

October 20, 2015 (Shareholders Foundation) - An investigation on behalf of investors, who currently hold shares of FX Energy, Inc. (NASDAQ:FXEN), was announced concerning whether the takeover of FX Energy, Inc. by ORLEN Upstream Sp. z o.o is unfair to NASDAQ:FXEN stockholders.

The investigation by a law firm concerns whether certain officers and directors of FX Energy, Inc. breached their fiduciary duties owed to NASDAQ:FXEN investors in connection with the proposed acquisition.

On October 13, 2015, FX Energy, Inc. (NASDAQ:FXEN) announced that it has entered into a merger agreement pursuant to which ORLEN Upstream Sp. z o.o. will acquire all of the outstanding shares of common stock of FX Energy. ORLEN Upstream is the wholly-owned exploration and production subsidiary of PKN ORLEN SA (GPW: PKN). In the transaction, holders of FX Energy common stock will receive consideration of $1.15 per share in cash.

However, given that NASDAQ:FXEN shares traded in early 2015 as high as $2.40 per share, the investigation concerns whether the offer is unfair to NASDAQ:FXEN stockholders. More specifically, the investigation concerns whether the FX Energy Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of FX Energy, Inc. (NASDAQ:FXEN) reached in 2014 as high as $5.00 per share.