NEW YORK, Jan. 12, 2022 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Falcon Minerals Corporation ("Falcon" or the "Company") (NASDAQ: FLMN), in connection with the proposed merger of the Company with Desert Peak Minerals ("Desert Peak"). Under the terms of 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 company.
If you own Falcon shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslaw.co/news-and-cases/flmn
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
305 Broadway, 7th Floor
New York, NY 10007
(212) 682-3025
(888) 593-4771
[email protected]
WeissLaw LLP is investigating whether (i) Falcon's board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, and (ii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.
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
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