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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Jagged Peak Energy Inc. (“Jagged Peak” or the “Company”) (NYSE: JAG) to Parsley Energy, Inc. (“Parsley”) (NYSE: PE). Under the terms of the deal, Jagged Peak shareholders will receive a fixed exchange ratio of 0.447 shares of Parsley Class A common stock for each share of Jagged Peak common stock they own.
The Jagged Peak merger investigation concerns whether the Board of Jagged Peak breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Parsley is underpaying for Jagged Peak, thus unlawfully harming Jagged Peak shareholders.
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