KODIAK OIL & GAS CORP. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout

WILMINGTON, Del., July 14, 2014 /PRNewswire/ -- Rigrodsky & Long, P.A.:

• Do you own shares of Kodiak Oil & Gas Corp. KOG?
• Did you purchase any of your shares prior to July 14, 2014?
• Do you think the proposed buyout price is too low?
• Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Kodiak Oil & Gas Corp. ("Kodiak" or the "Company") KOG regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Whiting Petroleum Corporation ("Whiting") WLL, in a transaction valued at approximately $6 billion.

Click here to learn more: http://www.rigrodskylong.com/investigations/kodiak-oil-and-gas-corp-kog. 

Under the terms of the agreement, public shareholders of Kodiak would receive 0.177 shares of Whiting for each share of Kodiak they own.  Based on Whiting's closing stock price on July 11, 2014, Kodiak shareholders would have received consideration valued at approximately $13.90 per share.

The investigation concerns whether Kodiak's board of directors failed to adequately shop the Company and obtain the best possible value for Kodiak's shareholders before entering into an agreement with Whiting.  According to Yahoo! Finance, at least one analyst has issued a price target for Kodiak stock at $19.00 per share.

If you own the common stock of URS and purchased your shares before July 14, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2 Righter Parkway, Suite 120, Wilmington, DE 19803, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/kodiak-oil-and-gas-corp-kog.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

CONTACT:                                                                                              

Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530 
info@rl-legal.com  
http://www.rigrodskylong.com

SOURCE Rigrodsky & Long, P.A.