Business Wire | Oct 20, 2020 04:49PM EDT

Parsley Energy Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Parsley Energy, Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm - PE

Oct. 20, 2020

NEW YORK--(BUSINESS WIRE)--Oct. 20, 2020--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Parsley Energy, Inc. (NYSE: PE) to Pioneer Natural Resources Company for 0.1252 shares of Pioneer common stock for each share of Parsley common stock is fair to Parsley shareholders. On behalf of Parsley shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

If you are a Parsley shareholder and would like to discuss your legal rights and options, please visit Parsley Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

The Parsley merger investigation concerns whether Parsley and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible price for Parsley shareholders; (2) determine whether Pioneer is underpaying for Parsley; and (3) disclose all material information necessary for Parsley shareholders to adequately assess and value the merger consideration.

If you are a Parsley shareholder and would like to discuss your legal rights and options, please visit https://halpersadeh.com/actions/parsley-energy-inc-pe-stock-merger-pioneer/ or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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CONTACT: Halper Sadeh LLP Daniel Sadeh, Esq. Zachary Halper, Esq. (212) 763-0060 sadeh@halpersadeh.com zhalper@halpersadeh.com https://www.halpersadeh.com