San Diego, CA -- (SBWIRE) -- 10/08/2014 -- The Shareholders Foundation announces that an investigation on behalf of investors, who currently hold shares of Apco Oil and Gas International Inc (NASDAQ:APAGF), was launched concerning whether the takeover of Apco Oil and Gas International by Pluspetrol Resources Corporation for $14.50 per share is unfair to NASDAQ:APAGF stockholders.

Investors who purchased shares of Apco Oil and Gas International Inc (NASDAQ:APAGF) and currently hold any of those NASDAQ:APAGF shares have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Apco Oil and Gas International Inc breached their fiduciary duties owed to NASDAQ:APAGF investors in connection with the proposed acquisition.

On October 3, 2014, Apco Oil and Gas International Inc (NASDAQ:APAGF) announced that it has entered into a merger agreement with privately held Pluspetrol Resources Corporation. Under the terms of the agreement Apco Oil and Gas International Inc (NASDAQ:APAGF) shareholders will receive $14.50 in cash for each share of Class A and ordinary shares they own in a transaction valued at $427 million.

However, given that shares of Apco Oil and Gas International Inc (NASDAQ:APAGF) traded in 2013 as high as $17.32 per share, the investigation concerns whether the offer is unfair to NASDAQ:APAGF stockholders. Furhtermore, given that WPX Energy (NYSE:WPX), which owns a 69 percent controlling equity interest in Apco Oil and Gas International Inc (NASDAQ:APAGF), has already agreed to support the merger agreement, the investigation concerns whether the Apco Oil and Gas International Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Apco Oil and Gas International Inc reported that its annual Total Revenue rose from $87.81 million in 2010 to $149.02 million in 2013.

On October 6, 2014, NASDAQ:APAGF shares closed at $14.32 per share.

Those who are current investors in Apco Oil and Gas International Inc (NASDAQ:APAGF) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com