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Investigation announce for Investors of Era Group Inc. (NYSE: ERA) over Takeover

02-03-2020 04:11 PM CET | Politics, Law & Society

Press release from: Shareholders Foundation

An investigation on behalf of investors of Era Group Inc. (NYSE: ERA) in connection with the proposed takeover was announced.

An investigation on behalf of investors of Era Group Inc. (NYSE: ERA) in connection with the proposed takeover was announced.

The takeover of Era Group Inc is under investigation concerning it is unfair to NYSE: ERA stockholders.

Investors who purchased shares of Era Group Inc. (NYSE: ERA) and currently hold any of those NYSE: ERA shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Era Group Inc. breached their fiduciary duties owed to NYSE: ERA investors in connection with the proposed acquisition.

Houston, TX based Era Group Inc. provides helicopter transportation services primarily to the oil and gas exploration, development, and production companies. On January 24, 2020 Bristow Group Inc. and Era Group Inc. (NYSE:ERA) announced that they entered into an agreement to combine the two companies in an all-stock transaction, creating a financially stronger company with enhanced size and diversification.

However, given that at least one analyst has set the high target price for NYSE: ERA shares at $15.00 per share, the investigation concerns whether the offer is unfair to NYSE: ERA stockholders. More specifically, the investigation concerns whether the Era Group Inc. Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Shares of Era Group Inc. (NYSE: ERA) closed on January 31, 2020, at 9.94 per share.

Those who are current investors in Era Group Inc. (NYSE: ERA) shares have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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