Shareholders in Clayton Williams Energy have filed a lawsuit alleging that the planned $3.2bn acquisition of the company by Noble Energy falls short of expectations. The lawsuit, which was first reported on Tuesday morning by Bloomberg, alleges that the deal is “grossly inadequate” and would not be able to meet its financial obligations under the terms of an agreement
Shareholders in Clayton Williams Energy have filed a lawsuit alleging that the planned $3.2bn acquisition of the company by Noble Energy falls short of expectations. The lead plaintiff, Alan Sobel, has pointed out that the stock more than tripled in value from $29.53 to $103.98 per share before the announcement of the merger was made.