MILWAUKEE, Oct. 14, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Jagged Peak (NYSE:JAG) for possible
breaches of fiduciary duty and other violations of the law in
connection with the sale of Jagged Peak to Parsley Energy.
Click here to learn how to join the action:
http://ademilaw.com/case/jagged-peak-energy-inc or call
Guri Ademi toll-free at
866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Jagged Peak's financial
outlook is improving and yet shareholders will receive only a fixed
exchange rate 0.447 shares of Parsley Class A common stock for each
share of Jagged Peak common stock they own, or $7.59 per Jagged Peak share based on Parsley
Energy's closing price on October 11,
2019. Parsley Energy is acquiring Jagged Peak at a
substantial discount. The merger agreement unreasonably limits
competing bids for Jagged Peak by prohibiting solicitation of
further bids, and imposing a termination penalty if Jagged Peak
accepts a superior bid. Jagged Peak insiders will receive millions
of dollars as part of change of control arrangements. We are
investigating on the conduct of Jagged Peak's board of directors,
and whether they are (i) fulfilling their fiduciary duties to all
shareholders, and (ii) obtaining a fair and reasonable price for
Jagged Peak.
If you own common stock in Jagged Peak and wish to obtain
additional information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/jagged-peak-energy-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
View original
content:http://www.prnewswire.com/news-releases/shareholder-alert-ademi--oreilly-llp-investigates-whether-jagged-peak-energy-inc-has-obtained-a-fair-price-in-its-sale-to-parsley-energy-inc-300937768.html
SOURCE Ademi & O'Reilly, LLP