Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Amplify Energy Corp. has obtained a Fair Price in its Merger with Midstates Petroleum Company, Inc.
MILWAUKEE, May 6, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating the Board of Amplify Energy Corp. (OTCQX: AMPY) for possible breaches of fiduciary duty and other violations of the law in connection with the merger of Amplify with Midstates.
Click here to learn how to join the action: http://ademilaw.com/case/amplify or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Amplify financial outlook is improving and yet Amplify shareholders will receive 0.933 shares of newly issued Midstates common stock for each Amplify share of common stock. Amplify is merging with Midstates at a substantial discount. The merger agreement unreasonably limits competing bids for Amplify by prohibiting solicitation of further bids, and imposing a termination penalty if Amplify accepts a superior bid. Amplify insiders will receive millions of dollars as part of change of control arrangements. We are investigating on the conduct of Amplify's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Amplify.
If you own common stock in Amplify and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/amplify.
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 & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi & O'Reilly, LLP
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