INVESTOR ALERT: Faruqi & Faruqi Announces the Investigation of Uranerz Energy over the Proposed Sale of the Company to Energy Fuels
07.01.2015 | PR Newswire
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Uranerz Energy Corp.NEW YORK, Jan. 6, 2015 - Juan E. Monteverde, a partner at Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Uranerz Energy Corp. ("Uranerz" or the "Company") (NYSE: URZ) for potential breaches of fiduciary duties in connection with the sale of the Company to Energy Fuels Inc. ("Energy Fuels") (NYSE: UUUU) for approximately $170 million in an all-stock transaction. The Company's stockholders will only receive 0.255 shares of Energy Fuels for each share of Uranerz common stock they own.
Faruqi & Faruqi, LLP
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The investigation focuses on whether the Uranerz Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Uranerz shareholders.
Faruqi & Faruqi, LLP is a national law firm which represents investors and individuals in class action litigation. The firm is focused on providing exemplary legal services in complex litigation in the areas of securities, shareholder, antitrust and consumer litigation, throughout all phases of litigation. The firm has an experienced trial team which has achieved significant victories on behalf of the firm's clients. To keep track of the latest securities litigation news, follow us on Twitter at www.twitter.com/MergerActivity or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in Uranerz and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/URZ or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll Free: (877) 247-4292
Phone: (212) 983-9330
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