SHAREHOLDER ALERT: WeissLaw LLP Investigates Jagged Peak Energy, Inc.

Published

NEW YORK, Oct. 18, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Jagged Peak Energy, Inc. ("JAG" or the "Company") (NYSE: JAG) in connection with the proposed acquisition of the Company by Parsley Energy, Inc. ("PE") (NYSE: PE). Under the terms of the acquisition agreement, JAG shareholders will receive 0.447 shares of PE Class A common stock for each JAG share they own, representing consideration of $7.59 per JAG share based on PE's October 11 closing price.

If you own JAG shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/jagged-peak-energy-inc/

Or please contact:Joshua Rubin, Esq. WeissLaw LLP 1500 Broadway, 16th Floor New York, NY  10036 (212) 682-3025 (888) 593-4771 stockinfo@weisslawllp.com

WeissLaw is investigating whether JAG's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, the per-share consideration is $6.41 less than the analyst target price of $14.00, and $6.36 less than the Company's 52-week high of $13.95. Moreover, JAG shares traded for $9.10, or $1.51 more than the per-share consideration, as recently as July. Finally, upon completion of the transaction, JAG shareholders will own a meager 23% of the combined company.

Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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SOURCE WeissLaw LLP

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