Company: Midstates Petroleum Company, Inc.
Kaskela Law LLC is investigating Midstates Petroleum Company, Inc. (NYSE: MPO) (“Midstates”) on behalf of the company’s shareholders.
On May 6, 2019, Midstates announced that it had entered into an agreement to merge with Amplify Energy Corp. (“Amplify”). In connection with the proposed transaction, Midstates plans to issue over 23 million shares of common stock to Amplify’s shareholders, who are expected to own approximately 50% of the combined company upon completion of the transaction. Following this announcement, shares of Midstates’ common stock have declined over 50% in value.
The investigation seeks to determine whether Midstates’ executive officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the proposed transaction, and whether Midstates shareholders are receiving all material information in connection with the transaction.
Midstates shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq.) at (888) 715 – 1740, or by completing the information form on this page, to discuss this investigation and their legal rights and options with respect to this proposed transaction.