Cimarex Energy Co.
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CIMAREX ENERGY MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF CIMAREX ENERGY CO. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – XEC
May 24, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Cimarex Energy Co. (NYSE: XEC) to Cabot Oil & Gas Corporation is fair to Cimarex Energy shareholders. Under the terms of the agreement, Cimarex Energy shareholders will receive 4.0146 shares of Cabot Oil common stock for each share of Cimarex Energy common stock owned.
The investigation concerns whether Cimarex Energy and its board of directors 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 Cimarex Energy shareholders; (2) determine whether Cabot Oil is underpaying for Cimarex Energy; and (3) disclose all material information necessary for Cimarex Energy shareholders to adequately assess and value the merger consideration. On behalf of Cimarex Energy 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.
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