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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: diana g who wrote (158605)	10/17/2011 3:59:08 PM
From: diana g	Read Replies (1) \| Respond to of 206093

BEXP Press Release Source: Robbins Umeda LLP On Monday October 17, 2011, 3:47 pm SAN DIEGO--(BUSINESS WIRE)-- Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Brigham Exploration Company (NASDAQ: BEXP - News) in connection with their efforts to sell the company to Statoil ASA (OSE: STL.ol - News) (NYSE: STO - News). On October 17, 2011, Brigham Exploration announced that it had entered into a definitive merger agreement pursuant to which Statoil will acquire all outstanding shares of the company in an all-cash tender offer. According to the terms of the deal, shareholders will receive $36.50 for each share of Brigham Exploration they own. The cash tender offer is expected to commence within ten business days, and shareholders will have twenty business days following the day of commencement to tender their shares. The transaction is expected to close in the first quarter of 2012. Robbins Umeda LLP's investigation focuses on whether Brigham Exploration's board is undertaking a fair process to obtain maximum value and adequately compensate shareholders in light of the company's positive financial results. On August 8, 2011, the company reported diluted EPS of $0.33, a 154.8% increase, compared to the $0.13 of diluted EPS reported for the same quarter the previous year and above analyst estimates of $0.31. In addition, the company reported revenue for the second quarter fiscal year 2011 of $91.26 million, a 121.2% increase over the same quarter in the previous year and above analyst revenue estimates of $90.73 million. Moreover, at least twelve analysts have price targets ranging from $37.00 to $45.00 per share, all higher than the offer price. If you own stock in Brigham Exploration and would like more information about your shareholder rights, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or via the shareholder information form on the firm's website. Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. For more information, please go to us.lrd.yahoo.comhttp%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.robbinsumeda.com%252F%26esheet=50032084%26lan=en-US%26anchor=http%253A%252F%252Fwww.robbinsumeda.com%26index=5%26md5=8577ee7fd0b515cbe782b30a02d1e6e5. Press release link: us.lrd.yahoo.comhttp%3A//cts.businesswire.com/ct/CT%3Fid=smartlink%26url=http%253A%252F%252Fwww.robbinsumeda.com%252Fshareholders-rights-blog%252Fbrigham-exploration-company%252F%26esheet=50032084%26lan=en-US%26anchor=http%253A%252F%252Fwww.robbinsumeda.com%252Fshareholders-rights-blog%252Fbrigham-exploration-company%252F%26index=6%26md5=c92b2e98504b0b4889d892a1dcac1fa4

To: diana g who wrote (158605)	10/17/2011 4:55:57 PM
From: Bearcatbob	Respond to of 206093

Holy cow - I just looked. You sure got that analysis right. I wonder what legal firm acted as an adviser on this deal. They sure have attracted a lot of "legal" attention. This is good for the valuation of our other favorites. I do not have any BEXP. Bob