Shareholder Alert: The Ademi Firm investigates whether Civitas Resources Inc. is obtaining a Fair Price for its Public Shareholders

Core Viewpoint - The Ademi Firm is investigating Civitas for potential breaches of fiduciary duty and other legal violations related to its transaction with SM Energy, which involves a share exchange agreement [1][3]. Group 1: Transaction Details - Each Civitas share will be exchanged for 1.45 shares of SM Energy common stock, resulting in SM Energy stockholders owning approximately 48% and Civitas stockholders owning approximately 52% of the combined company on a fully diluted basis [2]. - Civitas insiders are set to receive substantial benefits as part of the change of control arrangements [2]. Group 2: Investigation Focus - The transaction agreement imposes significant penalties on Civitas for accepting competing bids, which raises concerns about the board's fulfillment of fiduciary duties to all shareholders [3].