Forest Oil Corporation


Tripp Levy PLLC investigating the Merger of Forest Oil – Seeks Higher Price and more Information

May 6, 2014
New York, New York

Tripp Levy PLLC, a leading national securities and shareholder rights law firm announces that it is investigating the acquisition of Forest Oil Corporation. Under the terms of the merger agreement, Sabine and Forest Oil will combine their businesses under a newly formed holding company, Sabine Oil & Gas Corporation (“Sabine Oil & Gas”). As part of the transaction, each share of Forest Oil common stock will be converted into 0.1 of a share of Sabine Oil & Gas common stock, designed to replicate a 10:1 reverse stock split.. As a result of the transaction, former Sabine unit holders and Forest Oil shareholders will own approximately 73.5% percent and 26.5% percent, respectively, of the outstanding Sabine Oil & Gas common stock upon closing of the combination.

The investigation concerns whether the board of directors and senior management of Forest are acting in the best interests of its shareholders in selling Forest and whether they engaged in a full and fair auction and process to insure shareholders received the maximum value for their shares while not obtaining personal benefits for themselves that are not being shared with other shareholders. Indeed, analysts have projected that the true going forward inherent value of Forest is worth at least $4 per share.

If you are a shareholder of Forest Oil and would like additional information regarding this matter at no cost or expense please contact us toll free at 1-877-772-3975 or contact us via our website.

Tripp Levy PLLC and its affiliates have represented institutional and individual shareholders recovering billions of dollars for shareholders in similar actions around the globe. Attorney advertising