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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Devon Energy Corporation (“Devon” or the “Company”) (NYSE: DVN) with WPX Energy (“WPX”) (NYSE: WPX). Under the terms of the agreement, WPX shareholders will receive a fixed exchange ratio of 0.5165 shares of Devon common stock for each share of WPX common stock owned.
The Devon merger investigation concerns whether the Board of Devon has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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