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Shareholder Alert: The Ademi Firm investigates whether Civitas Resources Inc. is obtaining a Fair Price for its Public Shareholders

1. Civitas is under investigation for possible fiduciary duty breaches. 2. Civitas shareholders will receive 1.45 SM Energy shares per share. 3. The merger limits competing bids with significant penalties for acceptance. 4. Investigation focuses on Civitas board's responsibility to shareholders. 5. Insiders benefit substantially from the merger arrangements.

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FAQ

Why Bearish?

Investigations can lead to negative market sentiment, affecting stock price. Similar cases have resulted in price drops.

How important is it?

Legal investigations often lead to major market reactions; thus relevancy is high.

Why Short Term?

The investigation can lead to immediate concerns among investors, directly affecting prices.

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SMCDEVNOG
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- The Ademi Firm is investigating Civitas (NYSE: CIVI) for possible breaches of fiduciary duty and other violations of law in its transaction with SM Energy. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, each Civitas share will be exchanged for 1.45 shares of SM Energy common stock. Following completion, SM Energy stockholders will own approximately 48% of the combined company while Civitas stockholders will own approximately 52% on a fully diluted basis.Civitas insiders will receive substantial benefits as part of change of control arrangements. The transaction agreement unreasonably limits competing transactions for Civitas by imposing a significant penalty if Civitas accepts a competing bid. We are investigating the conduct of the Civitas board of directors, and whether they are fulfilling their fiduciary duties to all shareholders. We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes. Contacts Ademi & Fruchter LLPGuri AdemiToll Free: (866) 264-3995Fax: (414) 482-8001 SOURCE Ademi LLP Also from this source

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