We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Exterran Corporation (“Exterran” or the“Company”) (NYSE: EXTN) in connection with the proposed merger of the Company with Enerflex Ltd. (“Enerflex”) (TSX: EFX). Under the terms of the merger agreement, Exterran shareholders will receive 1.021 shares of Enerflex common stock for each share of Exterran common stock that they hold. The proposed transaction is valued at approximately $1.5 billion.
WeissLawis investigating whether (i) Exterran’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii)the merger consideration adequately compensates Exterran’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.