QEP Resources, Inc.
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QEP MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF QEP RESOURCES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – QEP
December 21, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of QEP Resources, Inc. (NYSE: QEP) to Diamondback Energy, Inc. for 0.05 shares of Diamondback common stock for each share of QEP common stock is fair to QEP shareholders.
The investigation concerns whether QEP and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for QEP shareholders; (2) determine whether Diamondback is underpaying for QEP; and (3) disclose all material information necessary for QEP shareholders to adequately assess and value the merger consideration. On behalf of QEP shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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