CIVI Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Civitas Resources to SM Energy

Core Viewpoint - The law firm Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Civitas Resources Inc. to SM Energy Company, as the implied sale price of $30.29 per share is significantly lower than analysts' price targets and the company's 52-week high [1][2][4]. Summary by Sections Proposed Sale Details - Civitas Resources Inc. has agreed to be sold to SM Energy, with shareholders receiving 1.45 SM shares for each Civitas share, resulting in an implied sale price of $30.29 per share based on SM's closing price as of October 31, 2025 [1][4]. Stock Price Concerns - The stock price of SM has declined since the announcement of the deal, which has reduced the value of the consideration for Civitas shareholders [2][4]. - The implied sale price of $30.29 is below the price targets set by multiple Wall Street analysts, indicating potential undervaluation [2][5]. Analyst Price Targets - Analysts have set various price targets for Civitas, with estimates including: - Mark Lear of Piper Sandler: $47.00 per share - William Janela of Mizuho Securities: $45.00 per share - Scott Hanold of RBC Capital: $40.00 per share - Devin McDermott of Morgan Stanley: $39.00 per share - Josh Silverstein of UBS: $38.00 per share [7]. Investigation Rationale - The investigation focuses on whether the Civitas Board of Directors acted in the best interests of shareholders in approving the merger and if the exchange ratio is fair [6].