Roan Resources, Inc.
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ROAN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF ROAN RESOURCES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ROAN
October 2, 2019.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Roan Resources, Inc. (NYSE: ROAN) to Citizen Energy Operating, LLC (“Citizen Energy”) for $1.52 per share is fair to Roan shareholders. On behalf of Roan shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
The Roan merger investigation concerns whether Roan and its Board of Directors violated the federal securities laws and/or their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Roan shareholders; (2) determine whether Citizen Energy is underpaying for Roan; and (3) disclose all material information necessary for Roan shareholders to adequately assess and value the merger consideration.
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