Clayton Williams Energy shareholders try to block merger
Clayton Williams Energy’s shareholders have sued the company in a bid to halt its $2.7bn acquisition by Noble Energy, citing a lack of a facility to assess if they will receive a fair amount of shares. The class action lawsuit, filed in a Delaware federal court, aims to implement an injunction to block a shareholder vote on the deal due to be held on 24 April 2017.
By Cara Salvatore (March 23, 2017, 7:24 PM EDT) -- Clayton Williams Energy Inc. shareholders sued the company in Delaware federal court on Wednesday to block progress on a $2.7 billion acquisition by Noble Energy Inc. that they say cheats shareholders of the chance to assess whether they're getting a fair share in the company's meteoric recent success....

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