MILWAUKEE, Oct. 1, 2019 /PRNewswire/ -- Ademi &
O'Reilly, LLP is investigating Roan Resources, Inc. (NYSE:
ROAN) for possible breaches of fiduciary duty and other
violations of the law in connection with the sale of Roan to
Citizen Energy, an affiliate of Warburg Pincus LLC.
Click here to learn how to join the action:
http://ademilaw.com/case/roan-resources-inc or call Guri Ademi toll-free at 866-264-3995.
There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Roan's financial outlook is
improving and yet shareholders will only receive $1.52 per share in cash. Citizen
Energy is acquiring Roan at a substantial discount. The
merger agreement unreasonably limits competing bids for Roan by
prohibiting solicitation of further bids, and imposing a
termination penalty if Roan accepts a superior bid. Roan insiders
will receive millions of dollars as part of change of control
arrangements. We are investigating on the conduct of Roan's board
of directors, and whether they are (i) fulfilling their fiduciary
duties to all shareholders, and (ii) obtaining a fair and
reasonable price for Roan.
If you own common stock in Roan and wish to obtain additional
information, please contact Guri
Ademi either at gademi@ademilaw.com or toll-free:
866-264-3995, or http://ademilaw.com/case/roan-resources-inc.
We specialize in shareholder litigation involving buyouts,
mergers, and individual shareholder rights throughout the country.
For more information, please feel free to call us. Attorney
advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi & O'Reilly, LLP