Robbins LLP Investigates Acquisition of Archaea Energy Inc. (LFG) by BP p.l.c. (BP)
Robbins LLP is investigating the acquisition of Archaea Energy Inc. (NYSE: LFG) by BP p.l.c. Under the terms of the agreement, Archaea stockholders will receive $26.00 in cash for each share of Archaea common stock owned.
According to the Proxy Statement, Archaea’s board approved the merger agreement with BP p.lc., which is expected to close at the end of 2022. The deal is valued at approximately $4.1 billion. Robbins LLP is concerned that Archaea’s board of directors engaged in an unfair process and agreed to an unfair amount to be paid to shareholders.
Next Steps: If you own shares of Archaea Energy Inc. (LFG) you have legal options. Contact us to learn more about your legal rights.
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