SHAREHOLDER ALERT: Brower Piven Announces The Investigation Of Kodiak Oil & Gas Corp. In Connection With The Proposed Sale Of The Company To Whiting Petroleum Corporation

STEVENSON, Md.--(BUSINESS WIRE)--

The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the board of directors of Kodiak Oil & Gas Corp. (“Kodiak” or the “Company”) KOG relating to the proposed buyout of the Company by Whiting Petroleum Corporation (“Whiting”).

On July 13, 2014, Kodiak and Whiting announced that they had entered into a definitive agreement pursuant to which Whiting will acquire Kodiak in a merger valued at approximately $6.0 billion. Under the terms of the transaction, shareholders of Kodiak will receive .177 of a share of Whiting stock in exchange for each share of Kodiak common stock they hold, representing consideration to each Kodiak shareholder of $13.90 per share based on the closing price of Whiting common stock on July 11, 2014.

According to Yahoo! Finance, at least one analyst has issued a price target for Kodiak stock at $19.00 per share. Additionally, shares of Kodiak traded above the offer price the day before the merger was announced. The firm's investigation seeks to determine, among other things, whether the Company's board of directors breached their fiduciary duties by failing to maximize shareholder value before agreeing to enter into this transaction, and whether Whiting is underpaying for Kodiak shares.

If you currently own common stock of Kodiak and would like to learn more about the investigation being conducted by Brower Piven, without cost or obligation to you, please visit our website at http://www.browerpiven.com/currentinvestigations.html. You may also request more information by contacting Brower Piven either by email at hoffman@browerpiven.com or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating securities and other class action cases and have been advocating for the rights of shareholders since the 1980s.