Two lawsuits emerge to stop PDC, SRC Energy merger
DENVER and WELD COUNTY — Two Colorado investors are suing to stop a $1.7 billion tie-up between Denver-based oil companies PDC Energy Inc. (Nasdaq: PDCE) and SRC Energy Inc. (NYSE AMERICAN: SRCI), a deal that if closed would create Weld County’s second-largest oil and gas operator.
In two separate suits filed in the U.S. District Court of Colorado, Michael Ben-Yosef and Michael Waynick both allege that the two oil companies didn’t file enough information to the U.S. Securities and Exchange Commission
Specifically, the two allege that financial analyses from Goldman Sachs Group Inc. (NYSE: GS) and…
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