ESTE Stock Alert

Halper Sadeh LLC Is Investigating Whether the Sale of Earthstone Energy, Inc. Is Fair to Shareholders

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Earthstone Energy, Inc. (NYSE: ESTE) to Permian Resources Corporation for 1.446 shares of Permian Resources common stock for each share of Earthstone common stock is fair to Earthstone shareholders.

Halper Sadeh encourages Earthstone shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

The investigation concerns whether Earthstone and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Earthstone shareholders; (2) determine whether Permian is underpaying for Earthstone; and (3) disclose all material information necessary for Earthstone shareholders to adequately assess and value the merger consideration. On behalf of Earthstone shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh encourages Earthstone shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at [phone] or [e-mail] or [e-mail].

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230821410654/en/

The Earthstone Energy Registered (A) Stock at the time of publication of the news with a raise of +7,90 % to 16,12USD on Tradegate stock exchange (21. August 2023, 13:20 Uhr).