NEW YORK, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the officers or directors of Falcon Minerals Corporation (NASDAQ: FLMN) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with Desert Peak Minerals.
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On January 12, 2022, Falcon announced that it had entered into an agreement to merge with Desert Peak in an all-stock transaction. Pursuant to the merger agreement, Desert Peak will become a subsidiary of Falcon’s operating partnership (“OpCo”). The combined company will retain Falcon’s “Up-C” structure, and Desert Peak’s equity holders will receive 235 million shares of Class C common stock, with voting rights in the combined company and a corresponding number of limited partner units representing economic interests in OpCo. Desert Peak’s equity holders may receive additional equity consideration, subject to certain exceptions. Upon completion of the transaction, Desert Peak’s equity holders will own approximately 73% and existing Falcon shareholders will only own approximately 27% of the combined. The deal is scheduled to close in the second quarter of 2022.
Bragar Eagel & Squire is concerned that Falcon’s board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Falcon’s stockholders.
If you own shares of Falcon and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email at mergers@bespc.com or telephone at (646) 860-9157, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Melissa Fortunato, Esq.
Alexandra Raymond, Esq.
investigations@bespc.com
www.bespc.com
