Lawsuit filed for Investors in shares of Noble Energy, Inc. (NASDAQ: NBL) over Takeover

An investor, who currently hold shares of Noble Energy, Inc. (NASDAQ: NBL), filed a lawsuit in connection with the takeover of Noble Energy, Inc.

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

Houston, TX based Noble Energy, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of crude oil and natural gas worldwide. On July 20, 2020, Chevron Corporation (NYSE: CVX) announced that it has entered into an agreement with Noble Energy, Inc. (NASDAQ: NBL) to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share.

The plaintiff alleges that he Registration Statement that was filed in connection with the proposed transaction omits material information with respect to the Proposed Transaction, which renders the Registration Statement false and misleading.

At given that at least one analyst has set the high target price for NASDAQ: NBL shares at $25.00 per share.

NASDAQ: NBL shares traded in early 2020 as high as $24.41 per share.

Those who are current investors in Noble Energy, Inc. (NASDAQ: NBL) 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.

This release was published on openPR.