NEW YORK, Nov. 19, 2018 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) stock prior to November 19, 2018.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Resolute to Cimarex Energy Co. (NYSE: XEC). Under the terms of the transaction, Resolute shareholders may elect to receive either $35 in cash per share or a combination of $14 and 0.2366 shares of Cimarex common stock for each share of Resolute stock they own. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/resolute-energy-corporation
or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Resolute merger investigation concerns whether the Board of Resolute breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cimarex is underpaying for Resolute shares, thus unlawfully harming Resolute shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com