Johnson Fistel Investigates the Buyouts of Energy XXI Gulf Coast, Inc. and Perry Ellis International, Inc.; Investors Encouraged to Contact Firm
Johnson Fistel Investigates the Buyouts of Energy XXI Gulf Coast, Inc. and Perry Ellis International, Inc.; Investors Encouraged to Contact Firm |
[18-June-2018] |
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. 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. 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: Contact: View original content:http://www.prnewswire.com/news-releases/johnson-fistel-investigates-the-buyouts-of-energy-xxi-gulf-coast-inc-and-perry-ellis-international-inc-investors-encouraged-to-contact-firm-300668045.html SOURCE Johnson Fistel, LLP | ||
Company Codes: NASDAQ-NMS:EGC, NASDAQ-NMS:PERY |
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