Diamondback Energy, Inc.

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FANG STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF DIAMONDBACK ENERGY, INC. IS FAIR TO SHAREHOLDERS

 

February 12, 2024.

 

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Diamondback Energy, Inc. (NASDAQ: FANG) and Endeavor Energy Resources, L.P. is fair to Diamondback shareholders. The proposed transaction consideration will consist of approximately 117.3 million shares of Diamondback common stock and $8 billion of cash, subject to customary adjustments. Upon completion of the proposed transaction, the Company’s existing shareholders are expected to own approximately 60.5% of the combined company.

 

The investigation concerns whether Diamondback 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 Diamondback shareholders; and (2) disclose all material information necessary for Diamondback shareholders to adequately assess and value the merger consideration. On behalf of Diamondback shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

 

Halper Sadeh LLC 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.

Certification

Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: May 20, 2024