
Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Vital Energy, Inc. to Crescent Energy Company, as the exchange ratio appears to undervalue Vital shares significantly compared to their recent trading history [1][4][6]. Transaction Details - Vital shareholders will receive 1.9062 shares of Crescent Class A common stock for each share of Vital common stock they own [1][4]. - The implied value of $18.05 per Vital share, based on Crescent's stock price of $9.47, is substantially lower than Vital's 52-week high of $38.02, indicating a potentially opportunistic acquisition [2][5]. Shareholder Sentiment - Several Vital shareholders have expressed dissatisfaction with the proposed exchange ratio, with comments highlighting concerns over value destruction and the fairness of the deal [5][6]. - One investor explicitly stated opposition to the proposal, criticizing the Board of Directors for selling at a low valuation [6]. Investigation Focus - The investigation aims to determine if the Vital Board of Directors acted in the best interests of shareholders and whether the agreed exchange ratio is fair [6].