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INVESTOR ALERT - Kodiak Oil & Gas Corp. MERGER INVESTIGATION: The Law Office of James C. Kelly Investigates Claims That the Proposed Acquisition May Not Be in the Best Interest of Investors of Kodiak Oil & Gas Corp.

2014-07-15 12:28 ET - News Release

NEW YORK, July 15, 2014 /PRNewswire/ -- The Law Office of James C. Kelly is investigating claims on behalf of investors of Kodiak Oil & Gas Corp. ("Kodiak Oil" or the "Company") (NYSE: KOG), concerning the proposed acquisition of Kodiak Oil by Whiting Petroleum Corporation (WLL). Shareholders of Kodiak Oil seeking more information about this acquisition are advised to contact James C. Kelly at 888.643.7517 or jkelly@jckellylaw.com.

Under the terms of the transaction, Kodiak Oil shareholders will receive only 0.177 of a share of Whiting stock for each share of Kodiak Oil stock they own. The transaction values Kodiak Oil at approximately $13.90 per share. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Kodiak Oil for not acting in the Company's shareholders' best interests in connection with the sale process. The transaction may undervalue Kodiak Oil and represents a loss or no real gain for many Kodiak Oil shareholders. For example, on July 9, 2014, shares of Kodiak Oil traded at $14.79 per share and an analyst has set a price target of $19.00 per share for Kodiak Oil stock.

The Law Office of James C. Kelly has extensive experience representing shareholders in mergers and acquisition actions. Visit our website for additional information at http://www.jckellylaw.com

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

The Law Office of James C. Kelly
244 5th Avenue, Suite K-278
New York, New York 10001
Tel: 212-920-5042
Toll Free Tel: 888-643-7517
Toll Free Fax: 888-224-2078
Email: jkelly@jckellylaw.com

SOURCE The Law Office of James C. Kelly

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