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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Roan Resources, Inc. (“Roan” or the “Company”) (NASDAQ: DOVA) to Citizen Energy Operating, LLC (“Citizen Energy”). Under the terms of the deal, Roan stockholders will receive $1.52 in cash for each share of Roan common stock they own.
The Roan merger investigation concerns whether the Board of Roan breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Citizen Energy is underpaying for Roan shares, thus unlawfully harming Roan shareholders.
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