We are investigating whether the directors of Renewable Energy Group, Inc. (Nasdaq: REGI) (“REGI”) acted in the best interests of REGI shareholders in approving the sale of REGI to Chevron Corporation (“Chevron”) for $61.50 per share in cash.
If you remain an REGI shareholder and have questions about your legal rights, please contact us via the form below to discuss your options at no charge.
Why is there an investigation?
On February 28, 2022, REGI announced an agreement for Chevron to purchase all of the outstanding shares of REGI for $61.50 per share in cash.
The agreement has been approved by the REGI board.
Our investigation concerns whether REGI’s board acted in the best interests of REGI shareholders in approving the sale to Chevron, including whether the acquisition price adequately compensates REGI shareholders, and whether all information regarding approval of the transaction has been fully disclosed.
In particular, according to an analysis of Wall Street REGI price targets in the last 90 days published on Seeking Alpha, REGI has an average target price of $75.93 per share, with a high target price of $115.00 per share.