The Law Offices of Vincent Wong Reminds Investors of an Investigation into RSP Permian, Inc. in Connection with the Sale of the Company to Concho Resources Inc. – RSPP
May. 14, 2018
NEW YORK--(BUSINESS WIRE)--May 14, 2018--The Law Offices of Vincent Wong are investigating the Board of Directors of RSP Permian, Inc. (“RSP Permian” or the “Company”) (NYSE:RSPP) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Concho Resources Inc. (NYSE: CXO). Under the terms of the deal, RSP Permian stockholders will receive 0.320 shares of Concho per RSP Permian share.
The investigation concerns whether the RSP Permian Board of Directors breached their fiduciary duties to RSP Permian stockholders by failing to adequately shop the Company before entering into this transaction and whether Concho Resources Inc. is underpaying for RSP Permian shares, thus unlawfully harming RSP Permian stockholders.
If you own common stock in RSP Permian and wish to obtain additional information, please contact Vincent Wong, Esq. either via email firstname.lastname@example.org, by telephone at 212.425.1140, or http://docs.wongesq.com/RSPP-Info-Request-Form-1878.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180514006452/en/
CONTACT: The Law Offices of Vincent Wong
Vincent Wong, Esq., 212-425-1140
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Law Offices of Vincent Wong
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PUB: 05/14/2018 06:00 PM/DISC: 05/14/2018 06:01 PM