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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Parsley Energy, Inc. (“Parsley” or the “Company”) (NYSE: PE) with Jagged Peak Energy Inc. (“Jagged Peak”) (NYSE: JAG). 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 Parsley merger investigation concerns whether the Board of Parsley breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger with Jagged Peak undervalues Parsley s shares, thus unlawfully harming Parsley shareholders.
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