energen merger investigation

Merger News

Levi & Korsinsky Investigating Energen (EGN) Merger

Levi & Korsinsky

August 16, 2018

Levi & Korsinsky, LLP has commenced an investigation into the the sale of Energen Corporation (NYSE: EGN) to Diamondback Energy, Inc. (NASDAQ: FANG). Under the terms of the Energen merger, Energen shareholders will receive 0.6442 shares of Diamondback common stock for each share of Energen common stock they own. This represents a value of approximately $84.95 per share. To learn more about the EGN merger investigation and your rights, go tohttp://www.zlk.com/mna/energen-corporation or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Energen merger investigation concerns whether the Board of Energen breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Diamondback Energy is underpaying for Energen shares, thus unlawfully harming Energen shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.