Centennial Resource Development, Inc.

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CENTENNIAL (CDEV) STOCK ALERT: HALPER SADEH LLP IS INVESTIGATING WHETHER THE MERGER OF CENTENNIAL RESOURCE DEVELOPMENT, INC. IS FAIR TO SHAREHOLDERS

May 19, 2022.

New York, New York—Halper Sadeh LLP, an investor rights law firm, is investigating whether the merger of Centennial Resource Development, Inc. (NASDAQ: CDEV) and Colgate Energy Partners III, LLC is fair to Centennial shareholders.

The investigation concerns whether Centennial and its board violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Centennial shareholders; and (2) disclose all material information necessary for Centennial shareholders to adequately assess and value the merger consideration. On behalf of Centennial shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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