GeoResources Alert: The Briscoe Law Firm and Powers Taylor, LLP Investigate the Sale of GeoResources, Inc. to Halcon Resources Corporation

DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of GeoResources, Inc. (“GeoResources” or “GEOI”) (NASDAQ: GEOI) to Halcon Resources Corporation for shareholders. Under the proposed merger, GeoResources shareholders will receive only $20.00 in cash and 1.932 shares of Halcon stock for each share of GeoResources stock owned, which amounts to a total of approximately $37.97 per share, which is well below the target price recently announced by analysts.