PR Newswire
MILWAUKEE, Jan. 11, 2024
MILWAUKEE, Jan. 11, 2024 /PRNewswire/ -- Ademi LLP is investigating Southwestern (NYSE: SWN) for possible breaches of fiduciary duty and other violations of law in its transaction with Chesapeake.
Click here to learn how to join the https://www.ademilaw.com/case/southwestern-energy-company or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, Southwestern stockholders will receive only 0.0867 shares of Chesapeake common stock for each share of Southwestern common stock owned at closing. At closing, Chesapeake shareholders will own approximately 60% and Southwestern shareholders will own approximately 40% of the combined company, on a fully diluted basis. The transaction agreement unreasonably limits competing transactions for Southwestern by imposing a significant penalty if Southwestern accepts a competing bid. Southwestern insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of Southwestern's board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own Southwestern common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/southwestern-energy-company.
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 LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
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SOURCE Ademi LLP
