Business Wire | Oct 19, 2020 09:37AM EDT

Concho Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of Concho Resources Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm - CXO

Oct. 19, 2020

NEW YORK--(BUSINESS WIRE)--Oct. 19, 2020--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Concho Resources Inc. (NYSE: CXO) to ConocoPhillips is fair to Concho shareholders. On behalf of Concho 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 Concho shareholder and would like to discuss your legal rights and options, visit Concho Merger or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com.

Under the terms of the merger, Concho shareholders will receive 1.46 shares of ConocoPhillips common stock for each share of Concho common stock they own. The investigation concerns whether Concho 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 consideration for Concho shareholders; (2) determine whether ConocoPhillips is underpaying for Concho; and (3) disclose all material information necessary for Concho shareholders to adequately assess and value the proposed transaction.

If you are a Concho shareholder and would like to discuss your legal rights and options, visit https://halpersadeh.com/actions/concho-resources-inc-stock-merger-conocophillips 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