NEW YORK, Oct. 26, 2020 /PRNewswire/ --
WeissLaw LLP is investigating possible breaches of the limited partnership agreement, breaches of fiduciary duty, and other violations of law by the board of directors of Mid-Con Energy Partners, L.P. ("MCEP" or the "Partnership") (NASDAQ: MCEP) in connection with the Partnership's proposed all stock merger with Contango Oil & Gas Company ("Contango") (NYSE American: MCF). Under the terms of the merger agreement, MCEP unitholders will be entitled to receive 1.75 shares of Contango for each MCEP unit that they own, representing implied per-unit merger consideration of approximately $2.76 based upon Contango's closing price on October 26, 2020.
If you own MCEP shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether MCEP's board acted in the best interest of MCEP's public unitholders in agreeing to the proposed transaction, whether the implied per-unit consideration represents fair value for MCEP units, and whether all information regarding the sales process undertaken by the board and financial analyses supporting the transaction will be fully and fairly disclosed to MCEP public unitholders. Notably, the implied per-unit merger consideration represents a meager 5% premium based on MCEP's a 15-day volume weighted average price.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP