Abraham, Fruchter & Twersky, LLP Announces
Investigation of Atlas Energy, Inc.
November 24, 2010 01:20 PM Eastern Time
NEW YORK--(EON: Enhanced Online News)--Abraham, Fruchter & Twersky, LLP has commenced an
investigation against the board of directors of Atlas Energy, Inc. (“Atlas” or the “Company”) (NASDAQ:ATLS) for
possible breaches of fiduciary duty and other violations of state and federal securities laws related to a proposed
acquisition of Atlas by Chevron Corporation (“Chevron”).
On November 9, 2010, Atlas announced that it had entered into a definitive agreement to be acquired by Chevron in
a transaction valued at approximately $4.3 billion, including the Company’s outstanding debt. Under the terms of the
transaction Atlas shareholders will receive approximately $43.34 per share, of which $38.25 will be paid in cash
with the remainder coming from a pro-rata distribution of over 41 million units of Atlas Pipeline Holdings, L.P. The
consideration to be received by shareholders represents a premium of 37% to Atlas’ closing share price on
November 8. We are investigating whether the proposed transaction is the product of a flawed process designed to
ensure the Company’s sale on terms favorable to Chevron but detrimental to the public shareholders.
If you own shares of Atlas and would like to discuss this action, or if you have any questions concerning this notice
or your rights as a potential class member or lead plaintiff, you may contact: Philip T. Taylor of Abraham, Fruchter &
Twersky, LLP toll free at (800) 440-8986, or via e-mail at email@example.com or firstname.lastname@example.org.
Abraham, Fruchter & Twersky, LLP has extensive experience in securities class action cases, and the firm has been
ranked among the leading class action law firms in terms of recoveries achieved by a survey of class action law firms
conducted by Institutional Shareholder Services.
Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.
Abraham, Fruchter & Twersky, LLP
Philip T. Taylor
One Penn Plaza, Suite 2805
New York, N.Y. 10119
Telephone: (800) 440-8986