SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation into the Fairness of the Sale of Penn Virginia Corporation– PVAC

BALA CYNWYD, November 2, 2018 /Access Wire/ – Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors Penn Virginia Corporation (“Penn Virginia” or “the Company”) (Nasdaq – PVAC-News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to Denbury Resources Inc. (“Denbury”).

Under the terms of the transaction, Penn Virginia shareholders will receive only 12.4 shares of Denbury common stock and $25.86 in cash for each share of Penn Virginia stock they own. The transaction values Penn Virginia at only approximately $79.80 per share. The investigation concerns whether the Board of Penn Virginia breached their fiduciary duties to shareholders and whether Denbury is underpaying for the Company. The transaction may undervalue the Company and may not be in the Penn Virginia shareholders best interests. For example, shares of Penn Virginia have traded at $88.94 per share and an analyst has set a $110.00 per share price target on the stock.

If you own shares of Penn Virginia stock and wish to discuss the legal ramifications of  the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA  19004, or calling toll free 877-LEGAL-90.

Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.